Fpi Outflows News Today

Apart from equities, FPIs withdrew Rs 10,949 crore from the debt market during the month under review.

After 2 straight months of inflows, foreign portfolio investors (FPIs) turned sellers in April. FPIs sold Indian equities worth ₹8,671 crore during the month on the back of a rise in US bond yields and higher crude oil prices.

In seven of the total 12 trading sessions in April, there were huge outflows by foreign investors in debt.

Higher US Treasury yields and the rupee slipping to record lows have led to some position unwinding by foreign investors, who have sold nearly $1.3 billion of government bonds in April.

In four trading sessions, Foreign Portfolio Investors (FPIs) offloaded Indian equities worth ₹20,000 crore as US bond yields climbed on expectations of the US Fed maintaining a tighter monetary policy, driven by a surge in March inflation figures and robust retail sales data.

India and Mauritius have agreed to a protocol to alter a double taxation avoidance agreement (DTAA) stating that tax relief cannot be for the indirect benefit of residents of another country. As a result, all FPIs will have to examine whether they have enough commercial rationale to be based in Mauritius when the tax scrutiny happens.

After outflows worth ₹37,632 crore in the financial year 2022-23 (FY23), foreign portfolio investors (FPIs) returned as buyers in the current financial year (FY24), buying Indian equities worth ₹2.04 lakh crore so far.

The Indian economy is growing at better-than-expected rates and this will have a positive impact on corporate earnings and consequently on the stock market. FY24 GDP growth is likely to be around 7.6 per cent, far ahead of other large economies

Overall, analysts maintain a positive yet cautious stance as Nifty 50 is set to retest its record high level, but there could be bouts of intra-day volatility. A possible breakout attempt for Nifty 50 above 22,150 could lead to an uptrend to inch towards 22,500+.

In February through 16th, FPIs had sold equity worth Rs 6,112 crore through the exchange but buying through the primary market and others reduced the net selling figure to Rs 3,776 crore.