Foreign Portfolio Investors (FPI) have made a total net investment of Rs 15,520 crore in Indian equities so far in June.
FPIs have made a comeback after pulling out investments for two consecutive months. In April and May, net selling by FPIs stood at Rs 9,659 crore and Rs 2,954 crore.
The return of the foreign funds comes amid a declining number of daily Covid-19 cases and robust Q4 earnings.
ALSO READ:95% Realtors Fear Project Delays Due to 2nd Covid Wave, Seek Urgent Relief
Total net investment by FPIs in 2021 stands at Rs 58,649 crore.
With the rise in FPIs, the key Indian equity indices also have off late climbed to new highs.
On Friday, both the BSE Sensex and Nifty50 on the National Stock Exchange (NSE) touched their all-time intra-day highs of 52,641.53 and 15,835.55 points, respectively.
ALSO READ:Indian online fashion industry grows 51% in FY21: Report
He added that low interest rates, a better export outlook, and a revival in the global economy is a good combination for India’s economic revival. Domestic demand revival will also be supported by the upcoming festival season, according to Chouhan.
