Foreign portfolio investors (FPIs) remained net sellers in Indian markets in July so far on account of both domestic and global factors, including rising number of coronavirus cases and increasing tension between the US and China.
According to the depositories data, overseas investors invested Rs 2,336 crore in equities but pulled out Rs 2,422 crore from the debt segment, leading to net outflows of Rs 86 crore from Indian markets between July 1-24.
In the previous month, FPIs were net buyers to the tune of Rs 24,053 crore.
Himanshu Srivastava, associate director - manager research, Morningstar India said that FPIs