FPIs pull out nearly Rs 4 bn in 5 sessions on global cues after Huawei case

This comes following a net inflow of over Rs 69 billion in the equity market by Foreign Portfolio Investors on easing crude oil prices and a strengthening rupee

Foreign investors have pulled out close to Rs 4 billion from the Indian stock market in the last five trading sessions amid weakness in global equities due to the arrest of a high-profile Chinese executive.

This comes following a net inflow of over Rs 69 billion in the equity market by Foreign Portfolio Investors (FPIs) on easing crude oil prices and a strengthening rupee.

According to depositories, FPIs withdrew a net amount of Rs 3.83 billion from equities from December 3-7.

However, they put in Rs 27.44 billion in the debt markets during the period under review.

After making a