FPIs have withdrawn Rs 41,168 crore from shares during March 2 to 11. Apart from this, he has withdrawn Rs 4,431 crore from the debt segment and Rs 9 crore from hybrid instruments.
FPI: 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 believe that India will be more affected by the commodity price hike. The reason for this is that India is a major importer of crude oil.
Withdrawals continue for the sixth consecutive month
According to depository data, FPIs have withdrawn Rs 41,168 crore from equities during March 2 to 11. Apart from this, he has withdrawn Rs 4,431 crore from the debt segment and Rs 9 crore from hybrid instruments. In this way his net withdrawal has been Rs 45,608 crore. This is the sixth consecutive month that FPIs continue to be sellers in the Indian markets.
What do experts say
- Vijaykumar 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.
- Nimish Shah, Chief Investment Officer (Listed Investment), Waterfield Advisors said that the dollar is strengthening from August-September 2021. Interest rates in America are also rising now. He said that their evacuation has also increased due to geo-political tension.
- Kotak Securities Head Equity Research (Retail) Shrikant Chauhan said that in March so far, all emerging markets except Thailand have pulled out. So far this month, $ 7089 million, $ 2665 million, $ 426 million and $ 26 million have been withdrawn from Taiwan, South Korea, Indonesia and the Philippines respectively.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. (Input-PTI)