According to NSDL data, foreign investors withdrew a total of ₹51,697 crore from the secondary market since September 1. In the primary market, they infused ₹11,501 crore during the same period, resulting in a net outflow of ₹40,196 crore from the equity markets. The Nifty index has risen 1.8% in the past three months.
FPIs’ primary market investment of ₹7,688 crore in November marks the highest figure since December 2021, when these investors pumped nearly ₹13,663 crores into IPOs and other share sales. So far in November, 11 companies have raised ₹12,767 crore. FPIs were bidders for an average 40% of the qualified institutional buyers’ portions in these IPOs.
Last week was one of the busiest for India’s IPO market, with investors pouring an unprecedented ₹2.6 lakh crore into five issues that aimed to collect ₹7,380 crore. Tata Technologies, marking the first public issue from the Tata Group in the last two decades, had a subscription of over 69 times, creating a significant demand of ₹1.57 lakh crore against the issue size of ₹3,043 crore.