Summary:

Foreign Institutional Investors (FIIs) invested over US$ 1.6 billion in Indian shares between August 16 and 27, according to NSDL statistics. During this period, benchmark indices Sensex and Nifty increased by more than 1.4%, while the BSE MidCap and SmallCap indices rose by 1.8% and 2.4%, respectively. The uptick was driven by large-scale transactions in companies such as Ambuja Cement and Tata Tech. Contributing factors included expectations of a US Federal Reserve rate cut, rupee stabilization, and a favorable GDP outlook.

Conversely, in early August, FIIs recorded a significant outflow from India, selling US$ 2.12 billion in equities, which led to declines in the Sensex, Nifty, MidCap, and SmallCap indices. FIIs also withdrew US$ 1.14 billion from Japan, US$ 1.6 billion from South Korea, and other amounts from Taiwan, Thailand, and Vietnam. They invested in Brazil, Indonesia, Malaysia, and the Philippines. Global market volatility and US economic uncertainties are anticipated to influence FIIs' focus.

Source: IBEF 

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