Foreign investors pulled out Rs 12,278 crore from Indian markets in October

New Delhi: Foreign portfolio investors (FPIs) pulled out a net Rs 12,278 crore from Indian markets in October. According to depository data, FPIs have withdrawn Rs 13,550 crore from equities between October 1 and 29. During this, he has put Rs 1,272 crore in the debt or bond market. In this way his net withdrawal has been Rs 12,278 crore.

Earlier in August and September, FPIs were net buyers in the Indian markets. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “FPIs are withdrawing from India on an ongoing basis due to high valuations. However, banks and auto companies are buying them.

FPI inflows trend mixed
Shrikant Chauhan, Head of Equity Research-Retail, Kotak Securities said that the trend of FPI inflows in emerging markets in October has been mixed. During this period, Indonesia, Philippines and Thailand received FPI inflows of $ 951 million, $ 8 million and $564 million respectively. On the other hand, FPIs from Taiwan and South Korea have withdrawn $ 2633 million and $ 280.1 million respectively.

Chouhan said that with regard to the future of FPI inflows, he said that inflows to emerging markets are expected to remain volatile. He said, “On the economy front, RBI conveyed the growing concerns of members on global inflationary pressures and economic slowdown, particularly in some advanced economies, which some members highlighted, spill over effects on India (spill- over effects).

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