Foreign portfolio investors return to buying Indian equities with Rs 20,200 crore net inflows in July
AI Market Summary
FPIs returned as net buyers of Indian equities in July (Rs 20,200 cr) after four months of outflows, citing improved valuations, firmer earnings expectations and easing global headwinds. Concurrent debt inflows reinforce the broader shift in foreign risk appetite toward India. Near-term positioning is likely to be sensitive to Q1 FY27 earnings momentum and the August 5 RBI policy decision, alongside USD and crude volatility.
Impact level
● Medium
AI InsightAI Insight
▲ Bullish
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Foreign portfolio investors (FPIs) turned net buyers of Indian equities in July 2024 after four straight months of net selling, bringing in Rs 20,200 crore. The shift was attributed to more attractive valuations in India, improved corporate earnings expectations and easing global macro headwinds. FPIs had previously logged a net equity inflow of Rs 22,615 crore in February before a run of outflows. The Q1 FY27 results season and the Reserve Bank of India’s monetary policy meeting scheduled for August 5 are among the next key domestic catalysts to watch.
