Adani deals helped lift FPI flows in Mar
Mint Mumbai|April 03, 2023
After pulling out funds in the past two months, foreign investors have invested ₹7,936 crore in the Indian equities in March mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners.
Adani deals helped lift FPI flows in Mar

However, if one adjusts for the investments of GQG in Adani Group, the net flow is still negative, meaning FPIs have withdrawn money even in March, Sanchit Garg, co-founder & CEO, GLC Wealth Advisor LLP, said.

According to VK Vijayakumar, chief investment strategist at Geojit Financial Services, the sustained selling by Foreign Portfolio Investors (FPIs) appears to be over, since they have turned buyers in the last few days.

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