FPIs were net sellers in May, but experts predict positive outlook post-elections.

From Mint: 2024-06-03 04:02:19

1. Foreign portfolio investors (FPIs) continued as net sellers in the Indian market in May, with outflows totaling ₹12,911 crore. Factors like election volatility and global cues dampened sentiment.
2. FPIs sold off Indian equities worth ₹25,586 crore in May, driven by the Hang Seng index’s outperformance and US bond yield spikes. Total YTD selling stands at ₹23,364 crore.
3. FPIs were net buyers in the Indian debt market in May, with total inflows of ₹8,761 crore, impacted by global macroeconomic uncertainty.
4. Will FPI sentiment turn positive in June after exit polls predict a Modi win? Stable political environment and clarity on interest rates may influence FPI flows, experts suggest.
5. Despite weak earnings and political uncertainties, experts predict a positive outlook for the Indian economy, anticipating FPIs to turn buyers post-election results.
6. Market volatility is expected post-election, with July’s budget announcement being a focal point. Despite uncertainties, experts maintain a positive long-term outlook for the Indian equity market.
7. Analysts recommend checking with certified experts before investment decisions. Read more about business coverage and market insights on Mint, India’s top news destination.



Read more at Mint: General Elections 2024 Results Tomorrow: Will FPI trend shift in June? Experts weigh in as exit polls predict NDA win