FPIs remain net buyers for third month; invest Rs 22,872 cr in Nov

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Business News

Dec 01, 2019

7:15PM

FPIs remain net buyers for third month; invest Rs 22,872 cr in Nov

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Foreign investors remained net buyers in the Indian capital market for the third straight month in November this year, putting in 22,872 crore rupees on a net basis.

Analysts said expectations of a trade deal between the US and China, and more relief measures, as well as disinvestment drive by the government among other factors, helped keep FPIs stuck on the capital markets.

A net sum of 25,230 crore rupees was flowed into equities by FPIs in November. However, they pulled out around 2,358 crore rupees from the debt segment, translating into a total investment around 22,872 crore rupees by FPIs in November.

FPIs had invested around 16,038 crore rupees in October and around 6,558 crore rupees in September this year.