FPIs invest Rs 7,200 crore in Indian equities so far in march

27 Mar 2023 , 08:53 AM

This month, foreign investors have invested a total of Rs7,200 crore in Indian stocks, primarily as a result of the US-based GQG Partners’ significant investments in the Adani Group’s enterprises. As a result of the stress on the US banking sector and the decline in banking stocks, FPIs are likely to be cautious in the immediate future.

After the failure of Silicon Valley Bank and Signature Bank earlier this month, the American financial industry started to experience stress.

The majority of the world’s equity markets experienced a rapid recovery, despite the fact that macro sentiments remained unstable due to concerns about the fragility of US and European banks.

As of March 25, foreign portfolio investors (FPIs) have invested Rs7,233 crore in Indian shares, according to statistics with the depositories.

This followed net outflows of Rs28,852 crore in January and Rs5,294 crore in February. Prior to that, data revealed that FPIs invested a net amount of Rs11,119 crore in December.

According to news reports, the March inflow includes GQG’s large investment of Rs 15,446 crore in the four Adani equities.

Apart from this, there is a strong selling undercurrent represented by FPI activity in the stock market.

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