Amid rising bond yields, FPIs pull out Rs 5,156 cr in March so far

Overseas investors pulled out a net Rs 881 cr from equities and Rs 4,275 cr from the debt segment between March 1-5, taking the total net withdrawals to Rs 5,156 cr

Reversing the two-month buying streak, foreign portfolio investors (FPIs) pulled out Rs 5,156 crore from Indian markets in the first week of March amid profit booking and rising bond yields in the US.

According to FPI statistics available with depositories, overseas investors pulled out a net Rs 881 crore from equities and Rs 4,275 crore from the debt segment between March 1-5, taking the total net withdrawals to Rs 5,156 crore.

Prior to this, FPIs invested Rs 23,663 crore in February and Rs 14,649 crore in January.

On FPI outflows in March, Himanshu Srivastava, associate director - manager research, Morningstar