FPIs pull out Rs 34,843 cr from equities in Oct; turn net buyers last week
Amidst rising economic fears, foreign portfolio investors withdrew Rs 34,843 crore from Indian equities in October. Although they had made significant contributions in July and August, outflows continued through September. By late October, a turnaround occurred as foreign investors became net buyers, infusing approximately Rs 6,300 crore into the market. Support from domestic institutional investors provided...
Key Takeaways
- Amidst rising economic fears, foreign portfolio investors withdrew Rs 34,843 crore from Indian equities in October.
- Although they had made significant contributions in July and August, outflows continued through September.
- By late October, a turnaround occurred as foreign investors became net buyers, infusing approximately Rs 6,300 crore into the market.
Amidst rising economic fears, foreign portfolio investors withdrew Rs 34,843 crore from Indian equities in October. Although they had made significant contributions in July and August, outflows continued through September. By late October, a turnaround occurred as foreign investors became net buyers, infusing approximately Rs 6,300 crore into the market. Support from domestic institutional investors provided much-needed stability as all eyes turn to potential global impacts on investor sentiment.
Original Publisher Attribution
This summary was curated from Economic Times.