Foreign traders pumped in Rs 13,424 crore in India until June 2021
Overseas traders pumped in a web Rs 13,424 crore up to now in June as risk-on sentiment improved with declining COVID-19 circumstances and hopes of early opening of financial system.
Depositories knowledge confirmed that international portfolio traders (FPIs) invested Rs 15,520 crore in equities throughout June 1-11.
“The robust net inflows over the last two weeks could be attributed to the improvement in investor sentiments on the back of consistently falling coronavirus cases in the country and hopes of an early opening of the economy,” stated Himanshu Srivastava, affiliate director – supervisor analysis, Morningstar India.
At the identical time, FPIs withdrew Rs 2,096 crore from the debt phase in the course of the interval below assessment.
The complete web influx stood at Rs 13,424 crore.
This comes following a web withdrawal of Rs 2,666 crore in May and Rs 9,435 crore in April.
