IPOs fuel FPI surge: Foreign inflows hit 7-month high in primary market with $1.7 billion in July; secondary market sees sharp outflows

Foreign portfolio investors (FPI) exhibited strong interest in the Indian primary market in July, reaching a seven-month high with $1.7 billion in net inflows, driven by a surge in IPO activity. However, FPIs turned net sellers in the secondary market, resulting in a net outflow of $3.7 billion due to global uncertainties, leading to a combined net outflow of $2.