Foreign portfolio investors (FPIs) made a remarkable comeback to Indian markets in September, snapping their previous moderation, driven by domestic and global factors. FPIs were consistent buyers in June and July after election-related jitters faded and stability returned to Indian markets. However, FPIs halted their buying streak with the onset of the new fiscal year 2024-25 (FY25).
FPIs invested ₹27,856 crore worth of Indian equities, and the net investment stood at ₹53,007 crore as of September 13, taking into account debt, hybrid, debt-VRR, and equities, according to the National Securities Depository Ltd (NSDL) data. The total investment in debt markets moderated to ₹7,525 crore so far this month.
“A significant trend in the market for the week ended 13th September is that FIIs were buyers of equity in the cash market on all days of the week. This makes FIIs buyers for ₹27,862 crores for September through 13th,” said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
