FPIs pour 57,300-cr in equities in December on political stability, robust economic growth

Foreign portfolio investors (FPIs) inject over Rs 57,300 crore into Indian equity markets this month due to political stability, robust economic growth, and declining US bond yields. Total FPI investment exceeds Rs 1.62 lakh crore this year. In 2024, FPIs are expected to increase purchases as US interest rates decline. FPIs made a net investment of Rs 57,313 crore in Indian equities this month, the highest monthly inflow in a year. FPIs were big buyers in financial services and also showed interest in autos, capital goods, and telecom sectors.

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