So far in 2024, FPIs have invested $12,373.9 million (Rs 1,03,601 crore) through the primary route, compared to $5,242.1 million (Rs 43,347.1 crore) they invested in the whole of 2023. They remain more engaged in the primary market. Increased activity in the IPO segment in the current year. So far in 2024, as many as 79 mainboard IPOs together have raised around Rs. 1.4 lakh crore collected, the highest in any year.
In the secondary market, FPIs continued to sell equities but at a much slower pace than in the previous month. They sold $4,661.6 million (Rs 39,315.8 crore) of equity in the secondary market in November, compared to a record monthly sale of $13,556.9 million (Rs 1.1 lakh crore) in October. So far in 2024, FPIs have sold equity worth $14,078.2 million (Rs 1,18,620.6 crore). This compares with an inflow of $15,500.8 million (Rs. 1,27,759.8 crore) in 2023.
Considering both primary and secondary flows, FPIs drew $2,563.2 million (Rs 21,611.8 crore) in November. Their total outflow in 2024 so far stands at $1,704.4 million (Rs 15,019.6 crore). In 2023, they invested $20,742.9 million (Rs. 1,71,106.9 crore).
In line with declining outflows from FPIs, domestic funds reduced their inflows into equities. They had a net inflow of Rs 28,213.4 crore in November, compared to a record inflow of Rs 90,771 crore in the previous month.
The broader market is expected to show uncertainty in December given the seven-quarter low GDP growth at 5.4% in the September quarter, RBI’s policy meeting in the first week of the month, inflationary trends and the upcoming festive season.
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