With December bets, FPIs turn net buyers in equities for 2024

Foreign portfolio investors (FPIs) turned net buyers in Indian equities in 2024, investing $982.6 million as of December 13. Strong primary market investments offset substantial secondary market selling. FPIs poured $1,703.4 million into the secondary market in early December, reversing the November trend. Meanwhile, domestic mutual funds slowed their investment pace.

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