Team Blitz India
NEW DELHI: FPIs came back strongly to invest in the Indian equity markets, buying shares worth Rs 40,710 crore in the first fortnight of March amid an improvement in the global economic landscape and robust domestic macroeconomic outlook.
The inflows came following a modest investment of Rs 1,539 crore in February and an outflow of Rs 25,743 crore in January, data with the depositories snowed.
FPIs have been changing their strategy in response to the changes in the bond yields in the US. Therefore, now that US bond yields have again spiked up in response to stubborn inflation, they may again turn sellers in some of the days, going forward, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
