FPIs pull out over Rs 1 trillion in March over coronavirus scare

This is also the highest withdrawal ever since the FPI data was made available on National Securities Depository Ltd.

As the coronavirus pandemic is triggering fears of a global recession, foreign investors have started rowing back from the Indian capital markets by withdrawing a massive over Rs 1 lakh crore in March after remaining net buyers for six consecutive months.

In order to contain the spread of coronavirus, lockdowns have become a norm world over and have led the FPIs to adopt a cautious stance, market experts said.

The depositories data showed that a net amount of Rs 59,377 crore was pulled out from equities and Rs 52,811 crore was withdrawn from the debt segment by foreign portfolio investors (FPIs) between