FPIs pulled out ₹4,515 crore from stock market so far in July, know what experts say

New Delhi. Foreign portfolio investors i.e. FPIs have withdrawn Rs 4,515 crore from the Indian stock markets in the first fortnight of July. During this period, the attitude of FPI towards the Indian market has been cautious.

According to depository data, foreign investors withdrew Rs 4,515 crore from equities during July 1-16. During this, he also injected Rs 3,033 crore into the debt or bond market. During this his net withdrawal stood at Rs 1,482 crore. In June, FPIs poured Rs 13,269 crore into the Indian markets.

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Himanshu Srivastava, Associate Director (Manager Research), Morningstar India said, “The market is currently at an all-time low. In such a situation, FPIs have chosen to cut profits. They are not investing much even because of the high valuations. Apart from this, they are also cautious about the risks of a possible third wave of the epidemic.

He said that the continued strength in the dollar and the prospect of increasing yield on bonds in the US is not good for capital inflows in emerging markets like India, but there is no need to worry about it immediately.

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VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said FPI activities have been volatile in 2021 so far.

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 In May and April, foreign investors had withdrawn Rs 2,666 crore and Rs 9,435 crore, respectively.

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