InvestorQ : What has been the Foreign Portfolio buying scene in the month of April till date?
vaishnavi mhatre made post

What has been the Foreign Portfolio buying scene in the month of April till date?

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vidhya Laxmi answered.
2 weeks ago
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FPIs have net withdrawn Rs.4,615 crore from Indian equity markets in Apr-21 in the first two weeks so far. The selling by FPIs was triggered by COVID resurgence as well as stringent restrictions imposed by major states. Now a string of brokers have also downgraded India’s projected growth rate for Fy22 by 200-250 basis points.

In the first two weeks of April, FPIs pulled out Rs.4,643 crore from equities but invested a marginal Rs.28 crore in debt. This is in contrast to the net inflow of Rs.55,600 crore in the previous 3 months of December to February. FPIs turned buyers in South Korea and Taiwan. Going ahead, it looks like the FPI flows will depend on intensity of the second wave.

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