Himanshu Srivastava, Associate Director (Manager Research), Morningstar India said that the main reason for this is profit-cutting by FPIs as the market is currently at its all-time high.
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There is no sign of any major downside in the markets
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said one needs to understand the fact that they are not selling too much. The reason for this is that the valuations have been pulled up, but there is no sign of any major downside in the markets. The yield on 10-year bonds has come down to 1.3 per cent, which has once again turned the market towards stocks.
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FPIs invested Rs 13,269 crore in Indian markets in June
Earlier in June, FPIs had a net investment of Rs 13,269 crore in the Indian markets. At the same time, in April and May, he made a pure withdrawal from the Indian markets. In May and April, foreign investors withdrew Rs 2,666 crore and Rs 9,435 crore, respectively.