FPIs pull out Rs 2,867 cr from Indian mkts in July so far on profit booking

Foreign portfolio investors (FPI) have pulled out Rs 2,867 crore from Indian markets in July so far, mainly on account of profit booking after surge in Indian equities.

The overseas investors pulled out a net Rs 2,210 crore from equities and Rs 657 crore from debt segment, taking the total net outflow to Rs 2,867 crore between July 1-10, according to the depositories data.

The latest withdrawal has come after investment of Rs 24,053 crore by FPIs in domestic markets in June.

Besides, FPIs have been net investors in the last quarter ended June as "valuations have become extremely rich