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FPI Data: FPI stopped selling in November, bought shares worth Rs 9000 crore so far
FPI Data: After two consecutive months of withdrawal by foreign portfolio investors, FPI purchased Rs 9000 crore in November this month. FPIs have made this investment in the market amid the decline in US treasury yields and the flexibility of the domestic market. Apart from this, FPI made a net investment of Rs 14860 crore in the debt market last month. Read what is the complete news.
After two consecutive months of withdrawal by Foreign Portfolio Investors (FPIs), now in this month i.e. November, FPIs have made purchases worth Rs 9000 crore.
FPIs have made this investment in the market amid the decline in US treasury bond yields and the flexibility of the domestic market. Apart from this, in the last month i.e. October, FPIs had made a net investment of Rs 14,860 crore in the debt market.
"Going forward, the FPI reaction will be significantly determined by the market trend, which in turn will be influenced by the state election outcome," said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
FPIs had sold equity worth Rs 24,548 crore in October and Rs 14,767 crore in September. However, in the previous 6 months (March to August), FPIs had purchased equity worth Rs 1.74 lakh crore.
