FPIs withdraw Rs 86 cr from Indian mkt in July so far

FPIs withdraw Rs 86 cr from Indian mkt in July so far

Newsdesk |
July 26, 2020

Foreign portfolio investors (FPIs) remained net sellers in Indian markets in July so far on account of both domestic and global factors, including rising number of coronavirus cases and increasing tension between the US and China. According to the depositories data, overseas investors invested Rs 2,336 crore in equities but pulled out Rs 2,422 crore from the debt segment, leading to net outflows of Rs 86 crore from Indian markets between July 1-24.

New Delhi, 26 July 2020

As per news report of PTI, in the previous month, FPIs were net buyers to the tune of Rs 24,053 crore. Himanshu Srivastava, associate director - manager research, Morningstar India said that FPIs have adopted a "cautious stance" with respect to investment in Indian markets. There is a surge in coronavirus cases globally, tension is increasing between the US and China, and Indian economy is still limping.

Source -ptinews.com


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