Page 2 - Foreign Portfolio Investors

FPI inflow continues in Dec; equities corner Rs 11,119-cr investment

Foreign investors pumped in Rs 11,119 crore in the Indian equities in December, making it the second consecutive monthly inflow, despite increasing concerns over the re-emergence of Covid-19 cases in some parts of the world. However, foreign portfolio investors (FPIs) have turned cautious in recent days. The inflow in December was much lower compared to Rs 36,239 crore invested by FPIs in the month of November, data with the depositories showed. "Despite correction in the markets, increasing concerns over re-emergence of Covid in some parts of the world and recession worries in the US. FPIs remained net buyers in the Indian equity markets (in December)," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said. Also, in the midst of the ongoing uncertainty, many investors would have also chosen to book profits with Indian markets touching all-time high recently. Overall, FPIs have made a net withdrawal of Rs 1.21 lakh crore from the Indian equity markets

FPIs invest Rs 11,557 crore in equities during Dec; Covid to drive flows

Foreign investors have infused a net Rs 11,557 crore in Indian equities in December so far despite a market correction and increasing concerns over re-emergence of COVID in China and some other parts of the world. Going ahead, macro data from the US and COVID news will drive FPI flows and the markets in the near term, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. According to data with the depositories, Foreign Portfolio Investors (FPIs) invested a net sum of Rs 11,557 crore in equities during December 1-23. This comes following a net investment of over Rs 36,200 crore in November primarily due to weakening of the US dollar index and positivity about overall macroeconomic trends. Prior to this, foreign investors pulled out Rs 8 crore in October and Rs 7,624 crore in September, data with the depositories showed. "Despite correction in the markets, increasing concerns over re-emergence of COVID in some parts of the world and recession worries in the

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FPIs have invested Rs 4,500 cr in Indian equity markets so far in December

After investing over Rs 36,200 crore last month, foreign investors continued their positive momentum and infused Rs 4,500 crore in the Indian equity markets so far in December, mainly due to the decline in the dollar index. However, foreign portfolio investors (FPIs) turned sellers in the last four trading sessions and pulled out Rs 3,300 crore as they are adopting a cautious stance ahead of the US Federal Reserve's decision on the interest rate. Going forward, in the near term, FPIs are likely to make only modest purchases in performing sectors and may continue to sell and book profits in sectors where they are sitting on big profits, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. More money is likely to move into cheaper markets like China and South Korea where the valuations are compelling now, he noted. "Even though India will continue to attract foreign capital the high valuations in India will be a deterrent," Vijayakumar added. According to

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FPIs turn net buyers in November, invest Rs 36,329 cr in equities

After pulling out money from Indian equities market in the past two months, FPIs made a strong come back in November with a net investment of Rs 36,329 crore on weakening of the US dollar index and positivity about overall macroeconomic trends. This was the third month (July, August and November) in this year when FPIs witnessed net inflows. Moreover, they started the month of December on a positive note. Going forward, flow trajectory is expected to remain positive in December. However, some shift could be seen from expensive stocks to value stocks, Anita Gandhi, Whole Time Director and Head Institutional Business at Arihant Capital, said. India will get its fair share of Foreign Portfolio Investors (FPIs) money, however, the high valuation will be a deterrent, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to data with the depositories, FPIs invested a net sum of Rs 36,329 crore in equities in November. "The cooling US inflation, slug

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Caveat emptor

Investors need to be cautious and look beyond market highs