FPI net inflows hit 15-month high

New Delhi: Foreign investors poured in close to `17,220 crore on a net basis into Indian equities in February this year, the highest since November

2017, amid clarity on government spending plans and positive sentiments. Foreign portfolio investors had pumped in a net amount of around

`19,728 crore into Indian stocks in November

2017.

Foreign investors net investment of `17,219.68 crore into equities is the highest since November 2017

They pumped in `1,17,899.79 crore into equities and pulled out `1,00,680.17 crore in February

In January, however, foreign outflows from equities stood at `5,263.85 crore

New Delhi, March 3: Foreign investors poured in close to `17,220 crore on a net basis into Indian equities in February this year, the highest since November 2017, amid clarity on government spending plans and positive sentiments.

Foreign portfolio investors (FPIs) had pumped in a net amount of around `19,728 crore into Indian stocks in November 2017.

As per the latest data from the depositories, foreign investors pumped in `1,17,899.79 crore into equities and pulled out `1,00,680.17 crore in February, a net investment of `11,183 crore into the stock market.

In the previous month (January 2019), however, FPI outflows from equities stood at `5,263.85 crore.

Foreign investors have turned into net buyers in February mainly on account of clarity on government spending postbudget and value buying in several pockets, according to Vidya Bala, Head— Mutual Funds Research at FundsIndia, said.

She said inflows can be attributed to the positive view on budget and the dovish stance of the RBI.

"The Reserve Bank's decision to change its stance to neutral from calibrated tightening while cutting the repo rate by 25 basis points cemented the belief that bringing growth back is on the top of its agenda," Alok Agarwala, head of investment analytics at Bajaj Capital, said.