FPIs turn cautious, infuse Rs 3,900 cr in Indian equities during Jan 1-12

Foreign Portfolio Investors (FPIs) have adopted a cautious stance and put around Rs 3,900 crore in Indian equities in the first two weeks of this month, against the backdrop of uncertainty over the interest rate scenario.

The investment has slowed down compared to Rs 66,134 crore attracted in the entire December.

Before that, FPIs invested Rs 9,000 crore in November.

According to data with the depositories, foreign investors made a net investment of Rs 3,864 crore in Indian equities this month (till January 12).

The latest investment pattern could be largely attributed to investors booking profit with Indian equity market trading near its all-time high level, said Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Adviser India.