The biggest sell-off in Indian markets by foreign investors since 2009, withdrawing money for the fifth consecutive month

The biggest sell-off in Indian markets by foreign investors since 2009, withdrawing money for the fifth consecutive month

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new Delhi . Foreign investors are not taking the name of stopping in the name of selling in the Indian markets. FPIs remain sellers for the fifth consecutive month. Foreign portfolio investors (FPIs) have pulled out Rs 18,856 crore from the Indian markets so far in the month of February. FPI outflows have increased amid geopolitical tensions and the possibility of a hike in interest rates by the US central bank.

According to depository data, during February 1 to 18, FPIs have withdrawn Rs 15,342 crore from equities and Rs 3,629 crore from the debt or bond market. During this, he has invested Rs 115 crore in hybrid mediums.

Net withdrawal in February Rs 18,856 crore
In this way his net withdrawal has been Rs 18,856 crore. This is the fifth consecutive month that foreign funds have withdrawn from the Indian markets.

Also read- What to do for online pf transfer, know how to apply

Himanshu Srivastava, Associate Director-Manager Research, Morningstar India, said, “FPIs have been exiting Indian stocks in recent times amid geopolitical tensions and the possibility of a hike in interest rates by the Federal Reserve. Their selling has also intensified after the US central bank indicated a hike in interest rates.

about $8 billion
Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities said rising tensions between the US and Russia over Ukraine have turned investors towards safer investment options like bonds and gold. He said that in the last one year, FPIs have pulled out about $ 8 billion from Indian stocks. This is the highest figure since 2009.

market cap
The market cap of five of the top 10 Sensex companies increased by Rs 85,712.56 crore last week. Tata Consultancy Services (TCS) was the biggest gainer. The market capitalization of TCS rose by Rs 36,694.59 crore to Rs 14,03,716.02 crore in the week under review. The market valuation of Reliance Industries stood at Rs 16,39,872.16 crore, up by Rs 32,014.47 crore.

HDFC added Rs 2,703.68 crore during the week and its market capitalization reached Rs 4,42,162.93 crore. The market valuation of Bajaj Finance stood at Rs 4,24,456.6 crore, up by Rs 1,518.04 crore.

Tags: FPI, Market, Share market, Stock Markets

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