FPIs inflow hits 9-month high to ₹37,317 crore in May; will robust foreign funds flow drive Nifty to record high?
FPIs have made strong buying in May month to the tune of ₹37,317 crore in Indian equities, reaching at nine-months high. FPIs are likely to continue to be net buyers of domestic stocks, and this could drive Nifty 50 to record high levels.
Foreign portfolio investors (FPIs) continued to buy in Indian equities for the entire month of May as of now. An inflow of ₹37,317 crore has been recorded till May 26th, which is the highest investment in nine months by FPIs. Foreign investors have been buyers across sectors with massive investment pumped in financial services stocks. The trend in FPIs is likely to continue ahead, which does bring a possible case for the Nifty 50 to touch a new record high.
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