The trend of foreign portfolio investment (FPI) experienced a reversal in April and demonstrated considerable strengthening in May, characterised by positive inflows, which continues as June progresses, analysts said on Saturday.
On June 20, the FPI inflows in equity stood at Rs 7,940.70 crore, as per the NSE’s latest data.
According to market experts, the inflows recorded in May represented the highest level observed in eight months, signifying a resurgence of interest from foreign investors in the Indian markets.
“Nonetheless, geopolitical tensions, including the conflict between Israel and Iran, alongside global uncertainties, fostered a cautiously optimistic pattern in June,” said Vipul Bhowar, Senior Director-Listed Investments, Waterfield Advisors.