FPIs Invested Rs 43, 804 Crore In India In July 2023
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New Delhi: FPI flows into India continue unabated in July, too. India is the largest recipient of FPI flows YTD among emerging markets, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Till July 21, FPIs have invested Rs 43,804 crore in India. This figure includes investment through stock exchanges, primary markets, and bulk deals. FPIs continue to invest in financials, automobiles, capital goods, realty, and FMCG. FPI buying in these sectors has contributed hugely to the surge in prices of stocks in these sectors and the Sensex and Nifty scaling record highs, he said. cre Trending Stories The concern, however, is the rising valuations. At high valuations, some negative triggers can lead to a sharp correction. This happened on Friday when the Sensex tanked by 887 points on negative news from Infosys and HUL, he added.
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