Foreign Direct Investment In India 2022: Foreign investors are withdrawing their money from their investors in the Indian stock markets. After all, what is the reason behind it? In this news, we are going to tell you that Foreign Portfolio Investors have so far withdrawn about Rs 6,000 crore from the Indian markets in the month of October.
what is the reason
Let us tell you that the rupee is depreciating against the US dollar. Which is giving strength to this evacuation. Also, Foreign Institutional Investors (FPIs) have withdrawn a total of Rs 1.75 lakh crore so far in the calendar year of 2022.
Support received from domestic investors
According to depository data, FPIs have so far withdrawn Rs 5,992 crore from the Indian market in October. There has been a slight drop in their withdrawal volume in the last few days. Despite selling of FPIs, domestic institutional investors and retail investors continued to be buyers, giving strength to the stock markets.
best selling of shares
In September, FPIs had withdrawn about Rs 7,600 crore from the Indian markets. The fall in the rupee against the dollar and the firm stance of the US Federal Reserve had led to selling among FPIs. FPIs have sold especially in the finance, FMCG and IT sectors. Apart from equity markets, foreign investors have also withdrawn Rs 1,950 crore from the debt market in October.
Increased market cap of these companies
Let us tell you that the market cap of 8 out of the top 10 companies of Sensex has increased by Rs 2,03,335.28 crore. Reliance Industries has benefited the most in this. Reliance’s market cap has increased by Rs 68,296.41 crore to Rs 16,72,365.60 crore. Along with SBI (Rs 30,120.57 crore) and ICICI Bank (Rs 25,946.89 crore) are ranked.