FIIs remain net buyers in Indian stock market for third month in a row. Details here

FIIs remained net buyers in the Indian stock market for the third straight month in May, with a net inflow of 27,351.08 crore

Asit Manohar
Updated1 Jun 2023, 09:46 AM IST
FII inflow in India: Indian economy's strong signals, such as the promising GST and fiscal deficit numbers and better-than-expected Q4 GDP, also make it an attractive destination, say market observers.
FII inflow in India: Indian economy’s strong signals, such as the promising GST and fiscal deficit numbers and better-than-expected Q4 GDP, also make it an attractive destination, say market observers.

Indian stock market logged decent gains in May as foreign institutional investors (FIIs) continue to remain 'net buyers' for third straight month. In May 2023, FIIs net inflow stood at 27,856.48 crore in cash segment whereas in F&O segment, FIIs' sold out shares worth 505.40 crore. Hence, FIIs remained net buyer in the month of May with net inflow of 27,351.08 crore. FIIs had remained net byers in the month of March 2023 and April 2023 as well.

FII data for May 2023

In the month of May 2023, FIIs bought shares worth 236,945.55 crore whereas they offloaded shares worth 209,089.07 crore, which means FIIs remained net buyers in cash segment with net purchase of 27,856.48 crore worth of shares. However, they remained net sellers in the Future & Option (F&O) segment. In F&O segment, FII bought shares worth 82,490.01 crore while they sold out shares of 82,995.41 crore worth in F&O segment, which means they remained net sellers in F&O segment as they sold out shares worth 505.40 crore in the segment. However, they continue to remain net buyers in Indian stock market in the month of May 2023 with net inflow of 27,351.08 crore in the month gone by.

In March 2023, FIIs bought shares worth 1,997.70 crore in cash segment whereas they bought shares to the tune of 147.18 crore. In the month of April 2023, FIIs bought shares worth 10,719.15 crore in F&O segment while in cash segment, they remained net buyers as they bought shares worth 5,711.80 crore in cash.

So, in the last three months, FIIs inflow in the Indian stock market stands at 45,926.91 crore.

On why FIIs are highly bullish on Indian stock markets, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Depreciation in the US dollar rates and lowering treasury yield is one of the major reasons for FIIs fishing out money from these asset class and shifting them towards the emerging equity markets. As Europe is fighting challenges posed by the energy crisis after Ukraine war, Brazil is going through political uncertainty whereas China is become a black box after the Covid-19 pandemic, India has become an obvious choice for the foreign investors and recent FIIs' inflow in the Indian equity market should be seen from this perspective."

Gorakshkar went on to add that Indian economy is showcasing strong signals as its GST and fiscal deficit numbers are quite promising and Q4 GDP of India has also remained better-than-expected.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

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News in Numbers

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₹295 Cr

$23 B

$65 M

3.36%

$65.47 B

$2.5 M

₹80 Cr

1.4%

₹773 Cr

₹2,705 Cr

₹1 Cr

₹14,370 Cr

₹5.74 T

First Published:1 Jun 2023, 09:46 AM IST
HomeMarketsStock MarketsFIIs remain net buyers in Indian stock market for third month in a row. Details here

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