Cautious FPls continue to sell in second half of Oct
Financial Express Mumbai|November 08, 2023
Turmoil in West Asia keeps investors jittery
SWASTIKA MUKHOPADHYAY
  • HIGHER BOND YIELDS TRIGGER FUND OUTFLOWS

INDIAN MARKETS HAVE been witnessing a continued outflow by foreign portfolio investors (FPIs) owing to higher bond yields and the geopolitical conflict in West Asia.

FPIs have continued to pull out of Indian markets in the second half of October. According to NSDL fortnightly data, net outflows between October 16 and 31 stood at ₹12,010 crore compared to ₹5,867 crore in the first two weeks of October mainly due to higher selling in the equity segment. The investments are spanned across equity, debt, debt VRR (voluntary retention route) and hybrid segments.

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