After a six-month selling spree, foreign investors have turned net buyers in April so far by infusing Rs 7,707 crore in Indian equities as a correction in markets provided them a good buying opportunity. Himanshu Srivastava, Associate Director – Manager Research, Morningstar India, said it would still be slightly premature to call it a change in trend with respect to FPI flows, and hence it will be prudent to watch how the scenario unfolds over the next few weeks or months to get more clarity.
According to the latest data with the depositories, foreign portfolio investors (FPIs) have made a net investment of Rs 7,707 crore in Indian equities during April 1-8. Srivastava said the inflow indicates that maybe foreign investors are almost done with the recalibration exercise of their portfolios owing to the current scenario. Also, the recent correction in the equity markets has opened investment opportunities, which FPIs would have sought as a good entry point, he added.
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