FPIs pull out investments worth Rs 8,674 crfrom Indian equity
As the COVID crisis impacts investor sentiments, foreign portfolio investors (FPI) have pulled out net investments worth Rs 8,674 crore from Indian equities
| 26 April 2021 7:50 AM GMT
MUMBAI: As the COVID crisis impacts investor sentiments, foreign portfolio investors (FPI) have pulled out net investments worth Rs 8,674 crore from Indian equities so far in April.
This reversal in trend comes around a year after a bull run on the Indian stock market and continuous inflow of foreign investments into the equities.
So far in 2021, the net FPI investments into equities stand at Rs 47,068 crore, with net inflows of Rs 19,473 crore, Rs 25,787 crore and Rs 10,482 crore in January, February and March, respectively.
As resurgent Covid cases turn a cause a concern for both the global and Indian markets, foreign portfolio investors (FPI) have pulled out net investments
By siliconindia | Monday, 05 April 2021, 04:27 Hrs Foreign portfolio investors (FPI) continued to flock to Indian equities in March with net inflow into the segment at Rs 10,482 crore. However, amid surging bond yields globally and resurgence of Covid cases both in Indian and Europe, the investments have declined. The net FPI inflow last month was less than half of that in February. Net FPI inflow in equities stood at Rs 25,787 crore in February. The bull run in the Indian equities was brought to a halt last month by a surge in the US bond yields. High bond yields are likely to impact the market in the near future too, analysts said.
FPIs' ownership in NSE-listed companies reached a five-year high of 22.74 per cent in December 2020 on the back of huge net inflow of Rs 1.42 lakh crore by such investors in the third quarter.