Foreign portfolio investors (FPI) remained net buyers in Indian markets in October so far, pumping in a net Rs 17,749 crore in the month as better than expected quarterly results, the opening of the economy, and resumption of business activities kept investors' interest intact.
In equities, FPIs invested a net sum of Rs 15,642 crore and the debt segment saw an inflow of Rs 2,107 crore during October 1-23, the depositories data showed. The total net investment during the period under review stood at Rs 17,749 crore.
In September, FPIs were net sellers at Rs 3,419 crore. The investment in Indian markets has come at a time when most of emerging markets like Brazil, South Africa, Taiwan, and Thailand have seen net outflows in 2020, co-founder and COO at Groww Harsh Jain noted.
This shows that foreign investors perceive India to be performing well in the immediate as well as long horizon, he added.
Jain further noted that FPIs have continued to increase stake in Reliance and have reduced shareholding in other energy sector companies.