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FPI Investors: Investors pulled out 8879 crores from the Indian market, know what is the reason?

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Foreign Portfolio Investors: Foreign portfolio investors (FPIs) have withdrawn Rs 8,879 crore from the Indian markets so far in December. According to depositories data, during December 1 to 10, FPIs pulled out Rs 7,462 crore from equities, Rs 1,272 crore from loan or bond market and Rs 145 crore from hybrid products.

8,879 crore withdrawn
Let us tell you that in this way his net withdrawal has been Rs 8,879 crore. In November, FPIs pulled out Rs 2,521 crore from the Indian markets. Himanshu Srivastava, Associate Director and Manager Research, Morningstar India, said that there is concern about the oomicron nature of the very fast spreading corona virus. This has affected the outlook for global growth.

Know what the experts said?
This form of Kovid-19 can affect the revival. Because of this, investors are already risk averse, he said. Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities said inflation is likely to rise and the US Federal Reserve is likely to tighten the monetary stance.

FPI investors are selling
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said that FPIs are continuously selling in banking stocks. They have the largest share in the shares of banks. Apart from this, they are also selling information technology stocks.

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