FPIs in selling mode; take out Rs 7,400 cr from equities in July so far

There has been an exodus of foreign funds from the Indian equity market over the last nine months

Over the past three months, FMCG stocks have cornered the highest FPI flows at $1.7 billion, according to an analysis by IIFL Alternative Research.

FPIs pulled out a net amount of Rs 7,432 crore from Indian equities during July 1-15

Press Trust of India
Foreign investors continue to be cautious about the Indian equity market and have pulled out over Rs 7,400 crore this month so far amid sustained strengthening of the dollar and increasing concerns over a recession in the US.

This comes following a net withdrawal of Rs 50,203 crore from equities in June.

While foreign portfolio investors (FPIs) have slowed down their pace of selling, this does not indicate a change in trend as there has not been any significant improvement in the underlying drivers, said Himanshu Srivastava, Associate Director - Manager Research, Morningstar India.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Also Read

Long-term trend shows stable FPI flows into India, with peak in FY15

Adverse global events may lead to $100-bn portfolio outflows: RBI article

FPI holdings in Indian equities down 6% at $612 bn in March qtr: Report

FPIs pull out Rs 14,000-cr from Indian equities in June amid concerns

May sees worst FPI sell-off in over two years at Rs 44,000 crore

Sebi clears BSE MD&CEO Ashish Kumar Chauhan's name for NSE top job

Six of top-10 firms lose Rs 1.68 trillion in m-cap; TCS biggest laggard

Sebi files FIR in cyber security incident; no sensitive data lost

Powered by FMCG, auto stocks; indices snap four-day losing streak

Rupee keeps off 80 per dollar; foreign exchange reserves at 15-month low

First Published: Jul 17 2022 | 1:04 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com