FPI Inflows into Indian Shares Surge to ₹32.39 Billion on March 20

Despite ongoing foreign portfolio investor (FPI) outflows in recent months, Indian shares saw a significant influx of ₹32.39 billion on March 20, marking the highest single-day inflow since February 18. This sudden increase contrasts with the broader trend of FPI selling in the first half of March, where IT and FMCG stocks were heavily divested due to economic concerns in the U.S. and India. The total FPI outflow from October to March reached $28 billion, contributing to a 13% decline in the Nifty 50 index. This recent inflow may signal a temporary shift in investor sentiment, potentially driven by short-term market opportunities or strategic repositioning.

Source: Reuters, Business Standard, Economic Times