Foreign investors seem to be unperturbed by the country’s slow economic growth and weak monsoon as they pumped nearly Rs 4,800 crore into stock markets this month so far.
During August 1-10, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 17,544 crore, while they sold equities amounting to Rs 12,750 crore, translating into net inflows of Rs 4,794 crore, according to Sebi data.
FIIs poured in Rs 10,273 crore in the stock market last month after a pull out of Rs 1,957 crore in the April-June quarter.
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