FPIs show strong buying momentum in Indian equities in the second half of March
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FPIs remained net sellers of Indian equities in March for the third consecutive month but there was a sharp deceleration in the outflow due to strong buying in the second fortnight of the month. They invested net Rs 26,042 crore ($3,037 million) in the second half of March, a sharp contrast to the outflow of Rs 30,015 crore ($3,438 million) in the first fortnight. As a result, net outflow for the full month reduced to Rs 3,973 crore ($401.2 million). The extent of investment by foreign investors in the coming months will depend upon several factors including the tariff stance by the Trump administration and its impact on global trade, attractiveness of the Indian economy relative to the US, which is facing recessionary pressure and the valuation comfort of the domestic equities. ET Bureau In March, FPIs sold Rs 6,027.8 crore ($637.3 million) of equities in the secondary market and made purchases worth Rs 2,055.2 crore ($236.1 million) in ...