In just under a week in June, the quantum of foreign flows in the equity market has surpassed that of any other month in the current calendar year. Foreign portfolio investors (FPIs) have bought shares worth nearly ₹21,000 crore — ₹20,814 crore to be precise — in just five trading sessions in the current month. Just six weeks back, they bought a boat to sail from Chennai to Odisha to escape the travails of the COVID-19 lockdown and unemployment. With 139 COVID-19 related deaths reported on Friday, Maharashtra posted its highest fatality surge yet to take the State’s total death toll to 2,849. Another spike of 2,436 new cases saw the State’s total case tally breach the 80,000-mark to reach 80,229.

Source: The Hindu June 05, 2020 19:41 UTC