Foreign Portfolio Investors: The continuous decline in the domestic stock market dominates. Foreign investors have also withdrawn from the stock market in the month of July, due to which the decline in the market continues to dominate. So far this month, foreign portfolio investors have withdrawn more than Rs 7400 crore from the stock market.
Withdrawals were also done in June
Let us tell you that due to the fear of recession in the US and the continuous strengthening of the dollar, FPI investors can continue to sell. Earlier in June, FPIs had withdrawn Rs 50,203 crore from Indian stocks.
FPI selling slows down
Himanshu Srivastava, Associate Director-Manager Research, Morning Star India, has said that FPI selling has slowed down, but things have not changed much. So it is not an indicator of change in their attitude. Let us tell you that for the last nine consecutive months, foreign investors have remained a seller in the Indian stock market.
Selling may continue even further
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, has said that due to the uncertainty around the foreign exchange market and the continued strengthening of the dollar, it is unlikely that FPIs will aggressively buy in the Indian market. In the coming time also, they can see selling again at higher levels.
Know what is the opinion of experts?
Shrikant Chauhan, Head Equity Research, Kotak Securities, said that going forward, FPI inflows will remain volatile. FPIs will continue to be sellers in emerging markets due to geopolitical risks, rising inflation and tightening of monetary stance by central banks.
Know how many shares sold till now?
According to depository data, FPIs pulled out a net Rs 7,432 crore from Indian markets during July 1-15. In June, FPIs sold shares worth Rs 50,203 crore. This is the highest level since March 2020. At that time, FPIs had sold shares worth Rs 61,973 crore.
2.25 lakh crore withdrawn so far this year
So far this year, FPIs have withdrawn Rs 2.25 lakh crore from the Indian stock markets, which is a record level. Earlier in the year 2008, he had sold shares worth Rs 52,987 crore. Apart from this, FPIs have withdrawn Rs 879 crore from the loan or bond market during the period under review.