FPIs take foot off reverse gear & press accelerator: Rs 7,967 crore inflows in four days
After withdrawing funds from India in April and May, foreign portfolio investors (FPIs) have changed their strategy in the domestic markets in June. FPIs invested Rs 7,967 crore in equities in the first four trading sessions of June as the markets remained in the grip of bulls in the wake of falling new Covid cases and possibility of lifting of lockdowns in many states in coming days.
However, analysts warn that FPIs are likely to pull out money again when the United States and other major economies…
