Foreign portfolio investors (FPIs) began August on a sour note, snapping their two-month buying streak in Indian equities. FPIs had halted their buying streak with the onset of the new fiscal 2024-25 (FY25). Volatility over Lok Sabha elections, outperformance in Chinese markets, and other global cues had earlier weighed on the sentiments of foreign investors.
FPIs sold ₹1,027 crore worth of Indian equities, and the net investment stood at ₹2,448 crore as of August 3, taking into account debt, hybrid, debt-VRR, and equities, according to the National Securities Depository Ltd (NSDL) data. The total investment in debt markets stood at ₹3,641 crore so far in August.
