InvestorQ : What was the status of FPI flows in the last week ended 09 July?
Deepa Salunkhe made post

What was the status of FPI flows in the last week ended 09 July?

Answer
image
Arya Nanda answered.
5 months ago
Follow

Foreign portfolio investors withdrew Rs.2,249 crore from the Indian equity markets in the first 7 trading days of Jul-21. This could be attributed to profit booking by FPIs at peak levels of the markets. It may be recollected that in Jun-21, FPIs infused $2.35 billion into Indian equities although the FPIs were net sellers in emerging markets like Taiwan and South Korea.

However, there is a positive twist to this argument. It is also estimated that this sell-off in equities could be a result of FPIs keeping liquidity readily available for big-ticket IPOs during the month of July and that includes mega IPOs like Zomato, Aadhar Housing, Nuvoco Vistas Cement etc.

1 Views