Inflow of foreign portfolio investments (FPI) surged last month with around $6 billion, or around Rs 47,000 crore, of net investments by overseas investors with a majority meant for primary issuances of shares.
Around 63 per cent of net FPI flows last month were into primary issuances, according to a report by ICICI Securities.
Interestingly, last month, India outperformed other emerging markets in terms of inflows.
The report also said that domestic institutional investments (DII) too had positive flows towards primary issuances, although the secondary flows continued to be negative with an outflow of $1.5 billion.