FPIs stay bullish on India, pour Rs 5,400 crore in two weeks

Continuing the bullish momentum, foreign investors poured in over Rs 5,400 crore into Indian equity markets in the first two weeks of this month on positive global cues and the passage of long-pending GST Constitutional Amendment bill in Parliament. It follows a 4-month high inflow of Rs 12,612 crore in the preceding month. That was the highest net inflow since March, when FPIs had pumped in Rs 21,143 crore in the stock markets. Indian equities have been witnessing positive inflow from foreign investors since March. Foreign Portfolio Investors (FPIs) turned net buyers of equities in March after pulling out a massive Rs 41,661 crore from the market in previous four months (November-February). Experts have attributed the latest inflow to rate cut by Bank of England (BoE) and the passage of long-pending bill to facilitate the Goods and Services Tax (GST) regime.