Foreign portfolio investors: Foreign investors have withdrawn Rs 6,427 crore from the stock markets and Rs 25 crore from the bond market between May 1 and 14. During this period, Rs 6,452 crore was netted from the market.
New Delhi: Foreign portfolio investors (FPIs) have withdrawn Rs 6,452 crore from the Indian market so far in May. Due to the second wave of the Kovid-19 pandemic, the investment amount has been withdrawn from the market as investors’ perception is affected. According to depository data, foreign investors have withdrawn Rs 6,427 crore from the stock markets and Rs 25 crore from the bond market between May 1 and 14. During this period, Rs 6,452 crore was netted from the market. VK Vijaykumar, chief investment officer of Geojit Financial Services, said, “The second wave of the Kovid-epidemic is due to FPI withdrawal, the ‘lockdown’ imposed in various states to contain it and this has led to GDP growth and corporate earnings.” And there is concern about the impact on profit. ” Also read: Indian Railways: Important news for those traveling by train, railways canceled many trains till May 21, check list Withdrawal from stock market and bond marketLet us tell you that last month, a total of Rs 9,435 crore was withdrawn from the stock market and bond market. Grey’s co-founder and chief operating officer Harsh Jain said that the actual impact on the economy due to the ‘lockdown’ for the epidemic and its prevention is not yet clear, but investors are worried and cautious. Himanshu Srivastava, Associate Director-Research Manager, Morning Star India, said that the focus of the FPI is now on the economic data as to how quickly India achieves economic momentum. If the problem persists for a long time, it will have a negative effect.