FPI selling continues for 6th straight month; net outflows at Rs 45,608 crore in March so far

Continue their SPREE sales for the sixth consecutive month, investors abroad drew a crore of 45,608 net Indian markets in March so far. Foreign Portfolio Investors (FPIs) fear that India would be more affected by commodity price hikes, particularly in crude oil, because India is an important importer, said VK Vijayakumar, Strategist D Chief Investment of Geojit Financial Services.

Foreign Portfolio Investors (FPIs) fear that India would be more affected by commodity price hikes, particularly in crude oil, because India is an important importer, said VK Vijayakumar, Strategist D Chief Investment of Geojit Financial Services According to the data of the custodians, the REITs have withdrawn 4,168 crores of the actions, RS 4331 crores the debt segment and the crore of Hybrid instruments, taking the total exit between March 2-11 to RS 45. 608 crore. This is the sixth consecutive month of Indian markets.

The sale is mainly limited to the following: these segments constitute most of the assets under custody of the REIT, noted Vijayakumar. “An important carrying out of the sale of FPI is that it does not affect all segments. For example, the REITs sell IT stocks worth 10 984 RS crore in February, but in March It’s one of the most efficient sectors, “he added. “An important take away from the sale of FPI is that it does not have an impact on all segments.

Nimish Shah, Director of Investments, Investments listed, Waterfield Water Advisors, said the dollar had been gaining since August-September 2021 and interest rates in the United States have evolved now. The geopolitical crisis also moved the market flows and moved the feeling of risk to risk, resulting in withdrawals from most emerging market economies, it emphasized.

Shikant Chouhan, Responsible for Equity Research, Kotak Securities, said other than Thailand, all other emerging markets attended outings on the date of March. “Taiwan, South Korea, Indonesia and the Philippines have witnessed the IPP of $ 7,089 million, ie $ 2,665 million, ie $ 426 million, or $ 26 million, respectively. On the other hand. Thailand attended entrances of $ 102 million, “he said. According to Shah, the sectors like this, pharma, banks and auto accessories would do ahead.