FPI declined in April to Rs 42 billion from Rs 63 billion in March: IDBI Capital

Foreign portfolio investors (FPIs) recorded a net inflow of Rs 42.2 billion, witnessing a decline from Rs 62.71 billion in March, according to the data compiled by IDBI Capital. The FPIs inflow in financial services also dipped as in April, the sector attracted Rs 184.1 billion, compared to Rs 197 billion inflow in March.

Media & Telecommunication maintained its momentum with Rs 47.6 billion in inflows, reflecting sustained optimism around digital expansion and consumption.

Meanwhile, the fast-moving consumer goods (FMCG) sector staged a notable…