Oddbean

FPIs Invest Rs 32,365 Cr In Equities In July On Continued Policy Reforms ========== Foreign investors infused Rs 32,365 crore into Indian equities in July on the back of expectations of continued policy reforms and sustained economic growth and a better-than-expected earnings season. However, they pulled Rs 1,027 crore from equities in the first two trading sessions of this month (August 1-2). Going forward, developments in the US economy and markets will set the trend for FPI in August. According to the data with the depositories, Foreign Portfolio Investors (FPIs) have made a net inflow of Rs 32,365 crore in equities in July. Before that, FPIs withdrew Rs 25,586 crore in May on poll jitters and over Rs 8,700 crore in April on concerns over a tweak in India’s tax treaty with Mauritius and a sustained rise in US bond yields. Apart from equities, FPIs invested Rs 22,363 crore in the debt market in July. This has pushed the debt tally to Rs 94,628 crore this year so far. #Fpi #Equities #PolicyReforms #EconomicGrowth https://www.news18.com/business/markets/fpis-invest-rs-32365-cr-in-equities-in-july-on-continued-policy-reforms-8989606.html