FPIs turn net buyers in local equities in the first fortnight of December

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.