FPI flows expected to remain volatile
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, May 3, 2025: Global equities extended the relief rally on expectations of a ramp-down of US tariffs, with most markets, barring China, trading above pre-liberation day levels. Optimism in domestic markets was somewhat tempered by muted management commentary during the Q4FY25 earnings season, even as companies delivered a modest beat versus muted expectations till now. FPI flows are expected to remain volatile.
FPI flows to date in April’25 were negative for all key emerging markets (Except India). Brazil, Indonesia, Malaysia, Philippines, S.Korea, Taiwan, Thailand, and Vietnam, witnessed outflows of US$419 mn, US$1,233 mn, US$417 mn, US$54 mn, US$6955 mn, US$170 mn, US$432 mn, and US$512 mn, respectively.
