 "The stimulus package announced by China and the optimism around the US-China trade agreement has further bolstered FPI sentiment towards emerging markets (EMs) as a whole")
Overseas investors remained net sellers for the third consecutive month in May, pulling out Rs 7,366 crore from the Indian capital markets as they stayed risk averse amid the Covid-19 crisis.
As per depositories data, foreign portfolio investors (FPIs) infused a net Rs 14,569 crore into equities but pulled out a net Rs 21,935 crore from the debt segment between May 1-29, news agency PTI reported.
This translates into a cumulative net outflow of Rs 7,366 crore in May.
Prior to this, FPIs had net withdrawn a record Rs 1.1 trillion in March and Rs 15,403 crore in April.
Noting
