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Foreign Portfolio Investors Poured Rs 25,787 Cr In Indian Equities In Feb

By Staff

The new highs peaked by Indian equity benchmark indices in February was largely aided by the high inflows from foreign portfolio investors (FPIs) into the Indian stocks during the month.

As per NSDL's data, net foreign portfolio investments (FPI) into equities in February was Rs 25,787 crore, while total net FPIs in 2020 now stands at Rs 45,260 crore.

Foreign Portfolio Investors Poured Rs 25,787 Cr In Indian Equities In Feb

Post the union budget announcement, wherein measures were announced in favour of further liberalisation, foreign investments have continued to flow in. The finance ministry did not announce any new taxes, as was expected due to the COVID-19 outbreak and will be taking steps towards privatisation of banks.

In the financial year 2021-22, net FPIs into equities have been Rs 2.63 lakh crore so far, the highest ever annual FPI inflow into the country.

Further, the net foreign institutional investment (FII) in February was Rs 42,044.46 crore.

The rising foreign investments have also led to the strengthening of the Indian rupee.

However, the recent bond yield surge both in the US and the domestic market has caused a frenzy among the investors leading to a bear run in the stock markets.

Read more about: fpis
Story first published: Monday, March 1, 2021, 11:15 [IST]
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