FPIs' buying spree continues; invest Rs 45,365 cr in equities in July

Foreign portfolio investors (FPIs) continue with their buying spree in July with a net infusion of Rs 45,365 crore in Indian equity markets on stable macroeconomic fundamentals and steady earnings growth. However, it appears that the momentum of buying has slowed down and FPIs have turned sellers during the two trading days ahead of the US Federal Reserve meeting on Wednesday. "The US Fed signaled the possibility of more hikes going ahead and ruled out the likelihood of rate cuts any time soon. "The potential impact of rate hikes on global liquidity would have led foreign investors to re-evaluate their investment decisions," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said. According to the data, FPIs have been continuously buying Indian equities since March and infused Rs 45,365 crore this month. Only one trading day is left in July. This figure includes investment through bulk deals and primary markets, apart from investment through stock ...

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