FPIs pump in Rs 9,000 crore on equities in august
Overseas investors infused over Rs 9,000 crore into the country’s equity markets in August, driven by global and domestic factors. However, foreign portfolio investors (FPIs) pulled out Rs 2,625 crore from the debt markets during the period under review. The latest infusion in equities follow a four-month high inflow of Rs 12,612 crore in the preceding month, the highest since March when FPIs had pumped in Rs 21,143 crore into the stocks. Equities have been witnessing positive inflows from foreign investors since March. Foreign investors turned net buyers in March after pulling out a massive Rs 41,661 crore from the market in previous four months.