Home / Markets / News / FPIs hoist their sails as they head for calmer waters, shows data

FPIs hoist their sails as they head for calmer waters, shows data

Will they weather the tempest of withdrawing Rs 25,305 crore since September, or is a perfect storm brewing for Indian equities?

Premium

Illustration: Ajay Mohanty

Sundar Sethuraman Mumbai

1 min read Last Updated : Oct 22 2023 | 9:53 PM IST

Listen to This Article

Foreign portfolio investors (FPIs) have withdrawn Rs 25,305 crore from domestic markets since September. FPIs were net sellers in the first two months of 2023, but from March to August, they purchased equities worth Rs 1.7 trillion.

This selling trend has caused the National Stock Exchange Nifty Index to decline by 3.2 per cent from its September highs.

FPI selling initially began in September as profit-taking but intensified due to rising US bond yields and uncertainty regarding the rate hike trajectory.

With US yields surpassing 5 per cent, experts do not anticipate FPIs easing off their selling activity. Concerns about

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in