FIIs Turn Net Buyers in Indian Equities, Inject ₹30,000 Crore by July 5

Foreign Institutional Investors (FIIs) have turned net buyers in Indian equities after a six-month selling spree, influenced by the union election verdict. In the second half of June, FIIs bought nearly ₹30,000 crore in the market. For the first week of July, Foreign Portfolio Investors (FPIs) injected ₹7,900 crore, contributing to a total investment surpassing ₹1 lakh crore in 2024. Ahead of the Union Budget, FIIs purchased stocks worth about ₹26,565 crore in June. In May 2024, FPIs offloaded ₹25,586 crore worth of Indian equities, while debt inflows stood at ₹8,761 crore. As of July 5, FPIs invested ₹7,962 crore in Indian equities, with net investment standing at ₹14,128 crore, considering debt, hybrid, debt-VRR, and equities. The first fortnight of June saw FIIs buying stocks from the real estate, telecom, and financial services sectors, while selling in IT, metals, and oil and gas sectors. On July 5, FIIs bought net ₹1,241.33 crore, while Domestic Institutional Investors (DIIs) sold net ₹1,651.36 crore.