Foreign Portfolio Investors (FPIs) have infused close to Rs 8,000 crore into Indian equities in the first four trading sessions of June as risk-on sentiment improved amid rapidly falling new COVID-19 cases and robust corporate earnings. The inflow comes following a net withdrawal of Rs 2,954 crore in May and Rs 9,659 crore in April, data with depositories showed.
So far this year, overseas investors have put in a net sum of Rs51,094 crore in equities, however, they pulled out net amount of Rs 17,300 crore from debt securities. According to the data, foreign portfolio investors (FPIs) put in a net sum of Rs 7,968 crore in the Indian equity market during June 1-4.
Prior to April's outflow, FPIs had been infusing money in equities since October. They invested over Rs 1.97 lakh crore in equities during October 2020 to March 2021. This included a net investment of Rs 55,741 crore in the first three months of this year.