FPIs invest Rs 32,365 cr in equities in July on continued policy reforms

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FPIs invest Rs 32,365 cr in equities in July on continued policy reforms - Business Standard

Quick Summary:

Foreign investors infused Rs 32,365 crore into Indian equities in July on the back of expectation of continued policy reforms and sustained economic growth and better-than-expected earnings season.

However, they pulled Rs 1,027 crore from equities in the first two trading sessions of this month (August 1-2), data with the depositories showed.

Going forward, developments in the US economy and markets will set the trend for FPI in August, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.