In the last four trading sessions, he has invested around Rs 6,000 crore.
FPIs have been selling for 9 consecutive months since October last year.
Market expert said- More or less similar flow is expected to continue in November.
Mumbai. Foreign investors, who have been selling continuously in the Indian stock market, have now stopped their hands. After withdrawing more than Rs 7,600 crore last month, FPIs have reduced the pace of selling in the market in October. Foreign institutional investors have so far withdrawn Rs 1586 crore from the market this month.
Earlier in August, Foreign Portfolio Investors (FPIs) had made purchases worth Rs 51,200 crore.
According to news agency PTI, PMS head at Geojit Financial Services K Dileep said
That more or less similar flow is expected to continue in the month of November.
Also read- Next week these factors will decide the movement of the market, investors will have to keep an eye
6 thousand crore investment in last 4 days
Data from the depositories showed that FPIs have withdrawn Rs 1,586 crore from the stock market till October 28. At present, the stock market is yet to open for one day (October 31) this month. At the same time, according to a report, in the last four trading sessions, he has invested about Rs 6,000 crore.
Earlier in July, foreign investors had poured about Rs 5,000 crore into the Indian market. FPIs have been selling for 9 consecutive months since October last year. So far this year, the figure of FPI withdrawal has reached Rs 1.70 lakh crore.
Investments hit by weak global cues
Shrikant Chauhan, head-equity research (retail) at Kotak Securities, attributed the October selloff to foreign investors on high cost of capital and geopolitical risks. Dilip, Geojit Financial Services, said, “The volume of FPI outflows in October was lower as compared to the previous month, but cues from the US market in line with the developments in the global market particularly impressed us as usual. “
Himanshu Srivastava, associate director-manager research, Morningstar India, said, “The possibility of a continuous hike in interest rates by the US Federal Reserve, depreciation of the rupee, fears of economic slowdown and the ongoing war between Ukraine-Russia has prompted foreign investors to withdraw from the Indian stock markets. Withdrawal of capital of Rs. Because at this time there is an environment of uncertainty and investors do not want to take any risk.”
Tags: business news, foreign investment, stock market today
FIRST PUBLISHED : October 30, 2022, 14:09 IST