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Despite market fall, FPIs buy over Rs 11,000 crore stocks in December

NEW DELHI: Foreign investors have infused a net Rs 11,557 crore in Indian equities in December so far despite a fall in the sensex and risisng concerns over reemergence of Covid in China. Macro data from US and Covid reports will drive FPI flows and markets in near term, said V K Vijayakumar of Geojit Financial Services.
This comes after a net FPIinvestment of over Rs 36,200 crore in November primarily due to weakening of the US dollar index and positive macroeconomic trends.
Foreign investors had pulled out Rs 8 crore in October and Rs 7,624 crore in September, data with depositories showed. “Despite correction, increasing concerns over re-emergence of Covid in some parts of world and recession worries in US, FPIs remained net buyers in December,” said Himanshu Srivastava of Morningstar India.
Quantum of net inflow was much lower at a little over Rs 1,000 crore in week ended December 23, compared to Rs 6,055 crore in the previous week.

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