Foreign Portfolio Tap Dries, Almost
Flows from foreign portfolio investors into India have slowed of late as as rich valuations and delay in corporate earnings recovery have reduced their appetite for domestic stocks.
July registered the second straight month of fall in foreign inflows into Indian markets to ₹ 2,461 crore from ₹ 3,940 crore in June. The June figure was almost 40% lower than the month before. So far in August, they have sold ₹ 1,150 crore worth of shares.