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FPI’s withdrawal from Indian markets continues for the sixth consecutive month, so far Rs 45,608 crore has been withdrawn in March


new Delhi , The process of withdrawal of Foreign Portfolio Investors (FPIs) from the Indian markets is continuing for the sixth consecutive month. So far in March, FPIs have pulled out a net Rs 45,608 crore from the Indian markets. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said that FPIs are of the view that India will be more affected by a sharp rise in commodity prices. The reason for this is that India is a major importer of crude oil.

According to depository data, FPIs have withdrawn Rs 41,168 crore from equities during March 2 to 11. Apart from this, he has withdrawn Rs 4,431 crore from the debt or bond market and Rs 9 crore through hybrid means. In this way his net withdrawal has been Rs 45,608 crore.

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FPIs selling shares of financial and IT companies
This is the sixth consecutive month that FPIs continue to be sellers in the Indian markets. Vijayakumar said that mainly FPIs are selling shares of financial and IT companies. The reason for this is that these stocks hold the maximum share in the portfolio of FPIs.

Evacuations also increased due to geopolitical tensions
Waterfield Advisors Chief Investment Officer (Listed Investments) Nimish Shah said that the dollar is strengthening from August-September 2021. Interest rates in America are also rising now. His evacuation has also increased due to geopolitical tensions, he added.

Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities said that in March so far, all emerging markets have pulled out except Thailand. So far this month, $ 7089 million, $ 2665 million, $ 426 million and $ 26 million have been withdrawn from Taiwan, South Korea, Indonesia and the Philippines respectively. At the same time, FPI has put $ 102 million in the markets of Thailand.

Tags: FPI, Market, Share market, Stock Markets, stock return


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