According to the depository data, during March 1 to 12, FPIs have withdrawn Rs 531 crore from stocks and Rs 6,482 crore from the loan or bond market.
FPI infused Rs 14,649 crore in Indian markets in February
According to the depository data, during March 1-12, FPIs have withdrawn Rs 531 crore from stocks and Rs 6,482 crore from the loan or bond market. In this way, his net withdrawal has been Rs 7,013 crore. In contrast to this stance, FPI had infused Rs 23,663 crore in Indian markets in February and Rs 14,649 crore in January.
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Research director Himanshu Srivastava, associate director-manager of Morningstar India, said, “The flow in shares has declined in recent times. The main reason for this is profit booking amid the high level of the market. ”
VK Vijayakumar, chief investment strategist at Geojit Financial Services, said, “The dollar index has risen above 92 and the yields on US 10-year bonds have risen, affecting the sentiment.” This is the main reason for profit booking.
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“Co-founder and COO of GRO, Harsh Jain said,” FPI ownership is at a five-year high, especially in the stocks of large companies, especially the Nifty 50. This indicates how they are expecting the Indian economy to perform in the near future.