FPI has put Rs 31630 crore in the stock market so far in November
made an investment of Rs 31,630 crore
According to the depositories data, FPIs have invested a net Rs 31,630 crore in stocks during November 1 to 25. Earlier, he had withdrawn Rs 8 crore in October and Rs 7,624 crore in September. FPIs were net buyers of Rs 51,200 crore in August. At the same time, in July, he bought shares worth Rs 5,000 crore. Earlier, from October 2021, FPIs were selling for nine consecutive months.
FPI trend will remain volatile going forward
Shrikant Chauhan, head of equity research (retail), Kotak Securities, said FPIs will remain volatile in the near term due to geopolitical concerns. So far this year, FPIs have pulled out Rs 1.37 lakh crore from stocks.
This is the reason for the buying of FPI
Himanshu Srivastava, associate director-manager research at Morningstar India, said the rise in FPI inflows in November was attributed to the rally in equity markets, the Indian economy and the stability of the rupee. FPIs have withdrawn Rs 2,300 crore from the debt or bond market during the period under review. Apart from India, FPI inflows have also been positive this month in the markets of Philippines, South Korea, Taiwan and Thailand.
