InvestorQ : How did foreign institutional investors behave in the previous week? Do they continue to be buyers in June 2020?
diksha shah made post

How did foreign institutional investors behave in the previous week? Do they continue to be buyers in June 2020?

Answer
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Priyanka N answered.
3 months ago


Foreign portfolio investors or FPIs have invested Rs.20,574 crore into equities in the first fifteen days of June 2020. During this period, foreign portfolio investors had infused Rs.22,840 crore into equities but had withdrawn Rs.2266 crore from debt. It may be recollected that the first week of June had seen heavy buying in equities on major block deals in Kotak Bank and HDFC Life, where the FPIs had been major buyers. However, FPIs did turn out to be net sellers in equities in the second week, especially after the Fed gave a very disappointing outlook for growth at (-6.5%) and unemployment at 9.5%. Prior to June, FPIs had sold Rs.7366 crore in May, Rs.15,403 crore in April and Rs.115,000 crore in March. The sentiments had turned positive in the first week but appear to be drifting in the second week of the month.