FPI registrations decline as coronavirus pandemic hits market sentiment

The pandemic erased more than $18 trillion from global markets over the course of February and March 2020, before a recovery in April and the subsequent months


FPIs sold stocks worth Rs 64,000 crore between February and April

Ashley Coutinho Mumbai
The Covid-19 pandemic has taken a toll on foreign portfolio investor (FPI) registrations in the June quarter, with investors putting their plans on hold amid the prevailing uncertainty.

New monthly registrations averaged more than 100 this year until April, before dipping to 17 and 35 in May and June, respectively. In July, it showed some improvement with the first two weeks seeing 28 registrations, data from Prime Database shows. Possibly, clearance of pending applications made 2-3 months ago led to the higher number in March.

According to experts, work from home, volatility in stock markets worldwide, and redemption pressures compelled investors to

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 17 2020 | 7:27 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com