Live
- Nagarkurnool: Burglary in a locked house
- Nadda asks voters to unseat BJD govt
- KCR Rally at Hanumakonda Chowrastha Road Show for Warangal Parliamentary Elections
- Yastika, Renuka Thakur star in India’s 44-run win over Bangladesh in T20I series opener
- Sai Sangeeta won gold medal for India in Dubai Asian Championship
- BSP's Akash Anand booked for hate speech against BJP
- Two die of sunstroke in Kerala, heat alert sounded in parts of state
- IPL 2024: Will Jacks, Kohli shock Gujarat, keep RCB's playoff hopes alive
- IPL 2024: 'Can't sit and speak from a box', Virat Kohli slams strike-rate critics
- ISL 2023-24: We have to give our everything, says FC Goa's Fernandes ahead of semis clash with Mumbai City
Unabated FPI selling in Oct
Foreign Portfolio investors (FPIs) dumped Indian equities worth Rs8,000 crore in the first week of October on the back of dollar appreciation and the steady rise in the US bond yields.
New Delhi: Foreign Portfolio investors (FPIs) dumped Indian equities worth Rs8,000 crore in the first week of October on the back of dollar appreciation and the steady rise in the US bond yields.
This came after FPIs turned net sellers in September and pulled out Rs14,767 crore. “Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs1.74 lakh crore during the period.
Going ahead, FPIs are unlikely to turn buyers in the market soon in the context of the elevated dollar and US bond yields,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. According to the data with the depositories, Foreign Portfolio Investors (FPIs) sold shares to the tune of Rs8,000 crore in this month (till October 6).
India continues to be on top of emerging economies in attracting FPI this year, but September witnessed selling and October has begun with the same trend.
