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Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. This came following a net outflow of over Rs 8,700 crore in the entire April on concerns
Global market trends and election results shape domestic market direction, with analysts predicting sustained momentum in the short term.
FII selling of Indian equities appears to be approaching an end with the election results date nearing. As more clarity emerges, FIIs are likely to buy in India since they cannot afford to miss the post-election results rally.
Get latest articles and stories on Latest News at LatestLY. Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. Latest News | FPIs Take out Rs 22,000 Crore from Equities in May Amid Poll Jitters, Chinese Mkt Outperformance.
FPIs shift from selling to buying Indian equities as BJP/NDA win anticipated, leading to market optimism.