FPIs invest Rs 33,600 cr in equities in July amid continued policy reforms

Foreign investors injected over Rs 33,600 crore into Indian equities so far this month on the expectation of continued policy reforms, sustained economic growth and a better-than-expected earnings season.

However, they pulled out over Rs 7,200 crore from equities in the last three trading sessions (July 24-26) after the government hiked taxes on Futures and Options trades (F&O) and capital gains from equity investments in the Budget.

Market experts believe that Indian equity is well-positioned for the year to attract foreign investments.

However, there may be some monthly volatility due to short-term news.

According to the data with the depositories, foreign portfolio investors (FPIs) have made a net inflow of Rs 33,688 crore in equities this month (till July 26).