FPIs end 2022 as net sellers with outflow of over ₹1.21 lakh cr in Indian stocks. Will the tide change in 2023?2 min read 01 Jan 2023, 10:28 AM IST
As per NSDL data, FPIs were net buyers in December with an inflow of ₹11,119 crore in the equities. This would be the third biggest monthly buying in 2022 after November where the inflows were at ₹36,239 crore and August where they bought ₹51,204 crore.
Foreign portfolio investors (FPIs) settled the year 2022 as net sellers amidst macroeconomic concerns, rising interest rates trends, and geopolitical tension. Notably, FPIs purchased around ₹24,608 crore through the primary market in 2023. That took the total outflow in the Indian stocks in the year 2022 to more than ₹1.21 lakh crore. With the dollar bottoming out, FPIs are expected to emerge as net buyers in 2023 if the trend in the greenback sustains.
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