Team Blitz India
NEW DELHI: Foreign portfolio investors (FPIs) started December on a cheerful note pumping in Rs 26, 605 crore in Indian markets in December.
A decline in the US treasury yields and softening of dollar amid rising bets along with raising key interest rates have triggered foreign fund inflows into emerging markets like India.
Analysts noted that the actual inflows by FPIs was caused by MSCI EM Index rebalancing, among others.
“As per NSDL data, the total inflows into India including investment through the primary market, through 8th December stands at a whopping Rs 26,605 crore,” said VK Vijayakumar. VP, NSDL.
FPIs were net sellers in August, September and October on a sharp spike in US bond yields amid ongoing geopolitical tensions in the Middle East. FPIs were net buyers till November 15, but reversed the selling trend and invested on November 15 and 16. During August, September October and till November 15, FPIs cumulatively sold stocks for Rs 83,422 crore through the exchanges.
