FPIs: FIs put a record $11 billion into equities in December

Synopsis

FPIs’ contribution to the institutional flow at 73% in December increased sharply from 10% a month ago and 34% a year ago reflecting a change in stance. After selling heavily during the first half of 2023, FPIs deployed Rs 66,134 crore in December alone. It was their highest monthly inflow, surpassing the previous high of Rs 62,016 crore in December 2020. FPIs had invested Rs 9,000 crore in November 2023 in domestic equities.

ET Intelligence group: The Indian equity market reported a record flow from institutional investors in December according to the data compiled from SEBI and NSDL. Foreign portfolio investors (FPIs) and domestic funds together invested Rs 90,029 crore ($11 billion) in equities during the month compared with Rs 27,025 crore in the previous month. The investment in December was five times the monthly average of Rs 17,421 crore in the past two

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