New Delhi: Foreign investors have turned net buyers in July and pumped in Rs 5,300 crore in the Indian equity market, after pulling out hefty funds in preceding two months.
The net inflow by Foreign Portfolio Investors (FPIs) in equities stood at Rs 5,319 crore in July while the same for the debt market was at Rs 4 crore, taking the total to Rs 5,323 crore (USD 842 million), according to the latest data from depositories.
Prior to that, FPIs pulled out a net sum of Rs 3,344 crore from the stock markets in June and Rs 5,768 crore in May.
According to market analysts, rout of Chinese equities and crisis in Greece has helped the Indian stock markets.
In addition, decline in crude and gold prices may help the country further bring down its twin deficits, boost individual savings and increase consumers purchasing power, they added.
Overall, experts are bullish on FPI inflows in the Indian capital markets in the long-term.
Since January 2015, overseas investors have invested a net amount of Rs 44,400 crore in the equity markets and Rs 39,350 crore in the debt markets.
