NEW DELHI: Foreign investors have continued selling in the Indian market, pulling out a massive Rs 85,790 crore (around $10.2 billion) from equities this month due to Chinese stimulus measures, attractive stock valuations, and the elevated pricing of domestic equities.
October is turning into the worst-ever month in terms of foreign fund outflows. In March 2020, foreign portfolio investors withdrew Rs 61,973 crore from equities.
The latest outflow came after a nine-month high investment of Rs 57,724 crore in September 2024.
Since June, foreign portfolio investors (FPIs) have consistently bought equities after withdrawing Rs 34,252 crore in April-May. Overall, FPIs have been net buyers in 2024, except for January, April, and May, data with the depositories showed.
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Esta historia es de la edición October 28, 2024 de Millennium Post Delhi.
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