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FPIs Net Buyers In Indian Markets So Far In May


Foreign Portfolio Investors have been net buyers in the Indian markets so far in the month of May. Data until May 20, shows that FPIs have made gross purchases to the tune of Rs 93,454 crores, while their fross sales number was at Rs 86,123 crores, which has resulted in a net purchase to the tune of Rs 7,330 crores in the cash market.


FPIs Net Buyers In Indian Markets So Far In May

It's important to note that a siezable net purchase figure of Rs 19,000 crores, showed up on March 7, which had largely to do with the purchase of shares of in HUL sold by GSK.

GlaxoSmithKline Plc (GSK) had sold its 5.7% stake in fast moving consumer goods (FMCG) major, Hindustan Unilever Ltd (HUL), for Rs25,480 crore. This was picked by many Foreign Portfolio Investors and also by Indian domestic institutions.

Domestic institutions have also been net buyers in the Indian markets for the month of May. Until May 20, they net bought shares in the Indian markets to the tune of Rs 5,873 crores. Indian domestic institutions have been regularly buying in the Indian markets, thanks to the inflows from mutual funds. Investments through SIPs continues, despite the carnage seen in the capital markets over the last few months. It is likely that the markets would recover once global flows pick-up.

Read more about: fpis indian markets
Story first published: Thursday, May 21, 2020, 8:59 [IST]
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