Foreign investors invest Rs 3,700 crore in June; total hits Rs 20,600 crore in 2016
It follows a staggering inflow of more than Rs 32,000 crore in preceding three months (March-May).
Foreign investors brought in over Rs 3,700 crore into Indian stock markets in June, taking the total to more than Rs 20,600 crore so far this year, mainly on hopes of a good monsoon.
It follows a staggering inflow of more than Rs 32,000 crore in preceding three months (March-May).
Foreign portfolio investors (FPIs) turned net buyers of equities in March after pulling out a massive Rs 41,661 crore from the market in the previous four months (November-February).
"Good monsoons should drive improvement in earnings in 2016-17 and India remains a long-term structural story. Better near-term as well as long-term catalysts might have led to higher flows," Quantum AMC Associate Fund Manager Equity Nilesh Shetty said.
According to data available with depositories, FPIs net invested Rs 3,713 crore in the stock market last month. However, they pulled out Rs 6,220 crore from the debt market during the period under review.
So far this year, FPIs have invested Rs 20,648 crore in equities while withdrawing Rs 12,105 crore in the debt market, resulting in a net inflow of Rs 8,543 crore.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
01:08 PM IST