NEW DELHI: Foreign portfolio investors (
FPIs) have pumped in over Rs 3,000 crore in
Indian capital markets in the last five trading sessions after pulling out hefty funds during April-June. The recent infusion comes following a net outflow of more than Rs 61,000 crore in the last three months. Prior to that, they had poured in Rs 2,662 crore in March.
According to depositories data, FPIs pumped Rs 2,235 crore into
equity markets during July 2-6. Besides, they put in Rs 892 crore in the debt market, taking the total to Rs 3,127 crore. "Equity markets are witnessing some value buying after a sharp correction in mid and
small cap indices that have corrected by almost 20% in 2018. The recent interest among FPIs is basically bottom fishing in beaten down stocks," said Rajeev Srivastava, head of retail broking at
Reliance Securities.
Overall, it has been a bumpy ride this year as far as FPI flows are concerned.
Representative image.