FPIs net buyers for second consecutive month in Jul; invest Rs 3,301 cr

Foreign portfolio investors (FPI) remained net buyers for the second consecutive month in July by pumping in Rs 3,301 crore in Indian markets amid hopes of a coronavirus vaccine.

According to the depositories data, a net sum of Rs 7,563 crore was invested in equities, while Rs 4,262 crore were withdrawn by FPIs between July 1-31.

The net investment during the month stood at Rs 3,301 crore. In the previous month, FPIs put in a net Rs 24,053 crore in Indian markets.

Some factors that led to investment in July include surge in markets which provided FPIs good profit booking