FPIs turn net sellers, pull out Rs 35,860 cr in Sep
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Foreign portfolio investors pulled out Rs 35,860 crore from Indian equities in September due to global uncertainties and rising US interest rates.
- ✓This selling trend continued into October with an outflow of Rs 9,232 crore.
- ✓Rajesh Singla said, "This is a global allocation story, not a domestic earnings one."
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
In September, foreign portfolio investors shed a staggering Rs 35,860 crore from Indian equities, driven by global uncertainties and rising US interest rates. This selling trend persisted into October with an outflow of Rs 9,232 crore. This selling follows significant investments of Rs 49,830 crore made in July and August.
After two consecutive months of buying, foreign portfolio investors (FPIs) turned net sellers in September, pulling out Rs 35,860 crore from Indian equities amid global uncertainties, elevated US interest rates and high crude oil prices.
The selling continued into October, with foreign investors pulling out another Rs 9,232 crore from equities on October 1, according to data from Central Depository Services Limited (CDSL).
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Economic Times
Read the full, original unfiltered story directly on the publisher's portal.