By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News for IndiaNews for IndiaNews for India
  • Home
  • Posts
  • Search Page
  • About us
Reading: FPIs sold equities worth ₹8749 crore this week, however sharp turnaround seen after RBI rate cut | Stock Market News
Share
Font ResizerAa
News for IndiaNews for India
Font ResizerAa
  • Economics
  • Business
  • Home
  • Categories
    • Business
    • Economics
  • About us
  • Sitemap
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
News for India > Business > FPIs sold equities worth ₹8749 crore this week, however sharp turnaround seen after RBI rate cut | Stock Market News
Business

FPIs sold equities worth ₹8749 crore this week, however sharp turnaround seen after RBI rate cut | Stock Market News

Last updated: June 7, 2025 1:53 pm
2 months ago
Share
SHARE


Mumbai (Maharashtra) [India], June 7 (ANI): Foreign Portfolio Investors (FPIs) began the first week of June on a weak note in the Indian stock market, with net investments staying in the negative territory.

According to data released by NSDL, FPIs pulled out a total of ₹8,749 crore from Indian equities during the week from June 2 to June 6. This indicates that foreign investors were net sellers in the market during most of the week.

The withdrawal came amid global uncertainties and cautious investor sentiment. However, a sharp turnaround was seen on Friday after the Reserve Bank of India’s Monetary Policy Committee (MPC) announced a surprise rate cut of 50 basis points. The repo rate was reduced to 5.5 per cent, which gave a strong push to investor confidence.

Market experts believe that this aggressive rate cut will boost India’s economic momentum and improve overall demand conditions. With inflation staying within the RBI’s comfort zone and the central bank indicating a pro-growth stance, FPIs are expected to increase their investments in the coming months.

Ajay Bagga Banking and Market expert told ANI “June first week saw roller coaster in terms of FPI flows. The trend is positive as a weak US dollar is inversely correlated to EM flows. With Indian macro showing strength and expectations of the 100 bps rate cuts providing a further boost to economic momentum and aggregate demand, FPIs will rank India as a top investment destination. Valuations are quoted as a constraint but we see the growth potential overriding these concerns eventually”.

Although high stock market valuations remain a concern, experts say that India’s strong growth prospects may help overcome this challenge.

The net foreign portfolio investment (FPI) inflows in May remained in positive and stood at ₹19,860 crore, making May the best-performing month so far this year in terms of foreign investment.

In previous months’ data also showed that FPIs had sold stocks worth ₹3,973 crore in March. In January and February, they had sold equities worth ₹78,027 crore and ₹34,574 crore, respectively. (ANI)



Source link

You Might Also Like

LIC shares end 3 pc higher post-Q1 earnings | Stock Market News

India bond yields a tad up this week amid RBI-led selloff | Stock Market News

Trade Desk tumbles after CEO warns of tariff impact on large brand advertisers | Stock Market News

Tata Motors Q1 Results: Net profit drops 30.5% YoY to ₹3,924 crore; margins drop to multi-quarter low | Stock Market News

BlueStone Jewellery IPO to open on August 11. GMP, price band, key dates among top 10 things to know | Stock Market News

TAGGED:economic momentumforeign portfolio investorsIndian stock marketnet investmentsReserve Bank of India
Share This Article
Facebook Twitter Email Print
Previous Article Gold outlook: Precious metal likely to remain rangebound. Is it right time to invest? | Stock Market News
Next Article Stock market weekly wrap: Sensex, Nifty 50 end higher for third week. What to expect from Indian stock market next week? | Stock Market News

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

News for IndiaNews for India
© Wealth Wave Designed by Preet Patel. All Rights Reserved.
  • BUSINESS