With US Treasury yields stabilizing and softer-than-expected domestic GDP growth in Q2FY25 sparking expectations of a potential rate cut by the Reserve Bank of India on Friday, FPIs have net bought ₹7,908 crore worth of government securities under the Fully Accessible Route (FAR) so far this month.
At the same time, they have significantly increased their equity holdings, investing nearly ₹24,500 crore in Indian stocks during the first four trading sessions of December, including ₹8,540 crore on Thursday alone.
"FPIs turning buyers is a bullish signal for the market, particularly for largecap stocks," said V K Vijayakumar, chief investment strategist at Geojit Financial Services.
This resurgence follows a sharp pullback in October and November.
FPIs sold ₹5,142 crore and ₹5,187 crore worth of FAR securities in October and November, respectively.
In the same period, equity outflows totalled approximately 91,983 crore in October and ₹18,259 crore in November.
This story is from the December 06, 2024 edition of Business Standard.
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This story is from the December 06, 2024 edition of Business Standard.
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