InvestorQ : Did India see a turnaround in FPI flows into equities in June first week?
Rashi Mehra made post

Did India see a turnaround in FPI flows into equities in June first week?

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Archita Jajjoo answered.
1 week ago
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It may be too early to call it a turnaround but the fact remains that the mood appears to have changed since the middle of May. FPIs infused Rs.7,968 crore in the first week of June in equities. This is in contrast to the net outflow of Rs.9,659 crore in Apr-21 and a muted Rs.2,954 crore outflow in May-21.

It looks like FPI sentiments changed sharply in Indian markets after the sharp fall in COVID cases and rapid progress on vaccination front. Apart from better than expected GDP growth, even corporate profit numbers have been very attractive in the Mar-21 quarter. Going ahead, FPI flows could improve as restrictions are eased and growth reverts to normal.
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