NEW DELHI: After two months of net outflows, foreign investors turned buyers in June, infusing Rs 26,565 crore in Indian equities, driven by
political stability
and a sharp rebound in
markets
.
Looking ahead, attention will gradually shift towards the Budget and
Q1 FY25 earnings
, which could determine the sustainability of FPI flows, Vipul Bhowar, director, listed investments, Waterfield Advisors, said.
According to data with depositories,
FPIs
have made a net infusion of Rs 26,565 crore in equities this month. This came following a net outflow of Rs 25,586 crore in May on poll jitters and over Rs 8,700 crore in April on concerns over a tweak in India’s tax treaty with Mauritius and a sustained rise in US bond yields.
V K Vijayakumar, chief investment strategist, Geojit Financial Services, said political stability and the sharp rebound in markets aided has forced FPIs to turn buyers in India.
