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FPIs withdraw Rs 85,790 cr from equities due to Chinese mkt valuation

By Business Standard - 10 hours ago
Foreign investors have continued selling in the Indian market, pulling out a massive Rs 85,790 crore (around USD 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, FPIs 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. Looking ahead, the trajectory of global events like geopolitical developments and interest rate movements will play a crucial role in shaping future foreign investment in Indian equities, Himanshu Srivastava, Associate Director, Manager Research, ...

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