FPI investors sold in the Indian market, took out Rs 3,825 crore, know what is the reason?

Foreign Portfolio Investment: Foreign portfolio investors have sold in the Indian markets in the month of October. FPI investors have so far withdrawn Rs 3,825 crore. At the same time, 2 months before this, FPI investors had made great investments in the loan and bond market. Rs 13,363 crore was injected into the bond market in September and Rs 14,376.2 crore in August.

Withdrawal from stock market
According to depository data, FPIs have so far pulled out Rs 1,494 crore from the bond market in October. Similarly, he has withdrawn Rs 2,331 crore from the shares. From October 1 to 22, they have pulled out a net Rs 3,825 crore from the Indian markets.

Sold shares of software companies
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “FPIs sold shares worth Rs 5,406 crore in software companies in the first fortnight of October. However, the second quarter results of software companies have been good. So it is definitely a matter of profit booking. FPIs have bought in financial services companies.

Know what Himanshu Srivastava said
Himanshu Srivastava, Associate Director, Morningstar India, said, “FPIs are standing on the edge of the market and they are following a ‘watch and wait’ policy. In the meantime, they are reaping profits.”

Invested in September and August
In the month of September, FPI investors had invested Rs 13,363 crore in the bond market. At the same time, in the month of August this figure was Rs 14,376.2 crore. At the same time, in the month of October, the bond market has withdrawn Rs 1,698 crore.

There was also a sell-off in the IT sector
Vijayakumar said that in the first fortnight of September, FPIs were net sellers in banking stocks, but in the second fortnight they were buyers. In September, he sold the entire month in IT companies. FPI inflows are expected to increase in this sector going forward on the back of good performance of Wipro, Infosys and Mindtree among IT companies.

Read also:

Gold-Silver Price: Good News! Gold is getting cheaper by Rs 8,395 on Karva Chauth, if you are gifting jewelery to wife, then check the rate of 10 grams of gold

Indian Railways: There is a plan to go home on Diwali and Chhath, you will get confirmed seats, railways is running dozens of special trains, see list