Foreign investors cautious in Indian equities, invested less than Rs 3,500 crore in August 2023. Foreign portfolio investors (FPIs) infused Rs 3,272 crore from August 1-11, 2023, after Rs 45,000 crore investment in July.
Slowdown in FPI investment due to global market uncertainty, Indian economic stability, and China's economic concerns.
Strength of dollar index and US 10-year bond yield above 4% negatively impacting FPI flows to emerging markets like India.
FPIs remain buyers in Indian financial, capital goods, and selective IT sectors.
Strong DII (domestic institutional investors) buying counters FPI selling.
FPI selling expected to continue due to strong dollar and high US bond yields. Some profit booking by FPIs expected due to recent market rally.
FPIs invested Rs 47,148 crore in June 2023, highest in ten months, and Rs 43,838 crore in May.
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