FPIs pull out nearly ₹20K cr from equities in last 5 trading sessions
Millennium Post Delhi|New Delhi 11November2024
According to the data, FPIs recorded a net outflow of Rs 19,994 crore so far this month, comprising five trading sessions from November 4-8
FPIs pull out nearly ₹20K cr from equities in last 5 trading sessions

The exodus of foreign investments from Indian equity markets continued unabated, with FPIs pulling out nearly Rs 20,000 crore in the last five trading sessions on higher valuations of domestic stocks and shifting their allocation to China.

As a result, foreign portfolio investors (FPIs) have turned net sellers in the equity market, with total outflows reaching Rs 13,401 crore for 2024 so far.

Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the possibility of a trend reversal. If the Q3 results and leading indicators reflect a recovery in earnings, the scenario can change with FPIs reducing selling and even turning buyers. Investors will have to wait and watch for the data, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

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この蚘事は Millennium Post Delhi の New Delhi 11November2024 版に掲茉されおいたす。

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