FPIs: FPIs pull out Rs 5,689 cr from Indian equities in July so far

New Delhi: Foreign portfolio investors (FPIs) load reduction Indian stocks reached over Rs 5,689 crore in July so far as they continue to adopt a cautious stance considering various domestic and global factors. From July 1-23, FPI took out Rs 5,689.23 crore from shares, according to custody data.

During this period, they invested Rs 3,190.76 crore in the debt segment.

So the net withdrawal for the period under consideration is Rs 2,498.47 crore.

Himanshu Srivastava, deputy director-research manager, said that rising valuations, rising oil prices and the solidity of the US dollar will make foreign investors wary of short-term risks, which will keep them out. Morning Star India, speak.

Harsh Jain, co-founder and COO at Groww, says that in addition, with Sensex and Nifty fluctuating around the all-time high, foreign investors are being cautious when pouring money.

“They have been continuously selling on the cash market for the past six trading days,” said VK Vijayakumar, investment strategist at Geojit Financial Services.

As for other emerging markets, Arun Agarwal, vice president, fundamental research at Kotak Securities, said all the key emerging markets and Asian markets have seen capital inflows. FPI this month, excluding Indonesia.

“FPI flows to India are expected to remain vulnerable to US Fed monetary policy and rising crude oil prices. Additionally, investors should note that the wide valuation gap between large-cap stocks and small- and mid-cap stocks has been filled,” said Shrikant Chouhan, executive vice president, technical research shares at Kotak Securities said.

Srivastava added that India remains an attractive investment destination from a long-term perspective. As the macro environment improves and the domestic economy begins to move on a recovery path, FPI inflows can be expected to recover. | FPIs: FPIs pull out Rs 5,689 cr from Indian equities in July so far


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