new Delhi. The process of withdrawing money from the Indian market by Foreign Portfolio Investors (FPIs) continues. FPIs have withdrawn Rs 17,537 crore from the Indian markets in the 3rd trading session of March. Foreign investor sentiment was affected by the uncertainty arising from the Russia-Ukraine conflict and rising crude oil prices.
According to depository data, FPIs have withdrawn Rs 14,721 crore from equity and Rs 2,808 crore from debt segment during March 2 to 4. During this, he has withdrawn Rs 9 crore in hybrid instruments. This took the total net outflow to Rs 17,537 crore.
Also read- All information related to LIC IPO will be known soon, SEBI may get approval on Monday, know full details
Continuation intensified from October 2021
It is worth noting that FPIs have been continuously withdrawing from the Indian markets since October 2021. FPI outflows in February 2022 have been the highest since March 2020.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “The uncertainty arising out of the war and jump in crude oil prices has affected the market sentiments globally.”
According to Himanshu Srivastava, Associate Director (Manager Research), Morningstar India, Such geopolitical tensions do not bode well for emerging markets like India with respect to foreign inflows.
Tags: business news in hindi, FPI, Share market
Read Article in हिन्दी