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FPIs turn cautious, pull out Rs 4,515 cr from Indian equities in Jul so far
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Foreign investors turn cautious, withdraw over Rs 4,500 cr from Indian equities in July so far
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FPIs pull out Rs 2,249 crore from Indian equities in July so far
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Synopsis
This could be largely attributed to profit booking by FPIs with markets trading near all-time highs and investors choosing to stay on the sidelines, said Morningstar India Associate Director (Manager Research) Himanshu Srivastava.
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In June, FPIs became net investors to the tune of Rs 13,269 crore in Indian markets (equity and debt), after remaining net sellers in April and May.
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New Delhi: After a month of net inflows, foreign portfolio investors (FPIs) pulled out Rs 2,249 crore from the Indian equities segment in the first seven trading sessions of July. This could be largely attributed to profit booking by FPIs with markets trading near all-time highs and investors choosing to stay on the sidelines, said Morningstar India Associate Director (Manager Research) Himanshu Srivastava.
FPIs withdraw over Rs 2,000 cr from Indian equities in July so far
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