Wednesday, December 4, 2024
Wednesday, December 4, 2024
Home BuisnessMarket Insight IPO rush keeps FPIs busy in primary market in November, outflows continue in secondary market

IPO rush keeps FPIs busy in primary market in November, outflows continue in secondary market

by PratapDarpan
3 views

Foreign portfolio investors (FPIs) showed continued interest in the primary market in November 2024 while controlling sales in the secondary market compared to the previous month. According to NSDL data, they have invested $2,098.4 million (Rs 17,704 crore) in the Indian primary market through IPOs and QIBs. This followed a three-year high monthly investment of $2,361 million (Rs 19,841.9 crore) in the previous month.

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.

growfast

  • Options Trading Course for Beginners

    Stock trading

    Options Trading Course for Beginners

    By – Chetan Panchamiya, Options Trader

  • Options Scalping Made Easy

    Stock trading

    Options Scalping Made Easy

    By – Sivakumar Jayachandran, S Scalper

  • A2Z of Stock Trading - Online Stock Trading Course

    Stock trading

    A2Z of Stock Trading – Online Stock Trading Course

    By – elearnmarkets, Financial Education by StockEdge

  • Derivative analysis made simple

    Stock trading

    Derivative analysis made simple

    By – Vivek Bajaj, Co-Founder- Stockj and LearnMarket

  • Technical Analysis For Everyone - Technical Analysis Course

    Stock trading

    Technical Analysis For Everyone – Technical Analysis Course

    By – Abhijit Paul, Head of Technical Research, Fund Manager- ICICI Securities

  • RSI Made Easy: RSI Trading Course

    Stock trading

    RSI Made Easy: RSI Trading Course

    By – Saurdeep Dey, Equity and Commodity Trader, Trainer

  • Futures Trading Made Easy: Futures and Options Trading Course

    Stock trading

    Futures Trading Made Easy: Futures and Options Trading Course

    By – Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant

  • Introduction to Technical Analysis and Candlestick Theory

    Stock trading

    Introduction to Technical Analysis and Candlestick Theory

    By – Dinesh Nagpal, Full Time Trader, Ichimoku and Trading Psychology Expert

  • Technical Analysis Made Easy: An Online Certification Course

    Stock trading

    Technical Analysis Made Easy: An Online Certification Course

    By – Saurdeep Dey, Equity and Commodity Trader, Trainer

  • Macroeconomics Made Easy: Online Certification Course

    Stock trading

    Macroeconomics Made Easy: Online Certification Course

    By – Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant

  • The Complete Guide to Stock Market Trading: From Basics to Advanced

    Stock trading

    The Complete Guide to Stock Market Trading: From Basics to Advanced

    By – Harneet Singh Kharbanda, Full Time Trader

  • RSI Trading Techniques: Mastering the RSI Indicator

    Stock trading

    RSI Trading Techniques: Mastering the RSI Indicator

    By – Dinesh Nagpal, Full Time Trader, Ichimoku and Trading Psychology Expert

  • Mastery Options Selling: Advanced Strategies for Success

    Stock trading

    Mastery Options Selling: Advanced Strategies for Success

    By – CA Manish Singh, Chartered Accountant, Professional Equity and Derivatives Trader

    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.

    (You can now subscribe to our ETMarkets WhatsApp channel)

    You may also like

    Leave a Comment