According to the data, FPIs made a net withdrawal of Rs 27,142 crore from equities between October 1 and 4, with October 2 being a trading holiday
FPIs withdraw Rs 27,142 cr in 3 trading sessions on geopolitical tensions (06-10-2024)
Foreign investors turned net sellers in October, offloading shares worth Rs 27,142 crore in just the first three days of October due to intensifying conflict between Israel and Iran, a sharp rise in crude oil prices, and improved performance of Chinese markets.
The outflow came after FPI investment reached a nine-month high of Rs 57,724 crore in September.
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, global factors like geopolitical developments and the future direction of interest rates will play a crucial role in determining the flow of foreign investments into the Indian equity markets, Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India, said.
According to the data, FPIs made a net withdrawal of Rs 27,142 crore from equitie
Is India’s economy on the brink? Congress slams Modi’s economic claims as ‘bombastic’ (06-10-2024)
Congress claims the Indian economy faces major challenges. It points to low private sector investment, stagnating manufacturing, and a decline in real wages and productivity. High tariffs and Chinese imports hurt manufacturing. Low wages and productivity hit consumer demand, affecting investment. These could harm long-term economic growth if unaddressed.
Don’t miss it! Aswath Damodaran identifies 2 sectors that will shape India’s growth story (06-10-2024)
Damodaran identified healthcare as the most promising sector in India
Don’t miss it! Aswath Damodaran identifies 2 sectors that will shape India’s growth story (06-10-2024)
Damodaran identified healthcare as the most promising sector in India
Mcap: 9 of top-10 most valued firms erodes ₹4.74 lakh crore; Reliance, HDFC Bank hit hard (06-10-2024)
The BSE benchmark plummeted 3,883.4 points, or 4.53 per cent, last week