According to the depository data, Foreign Portfolio Investors (FPIs) pulled out Rs 6,370 crore from the stock market during May 1–21, while Rs 1,926 crore were invested in bonds.
Foreign investors have withdrawn Rs 4,444 crore from Indian markets so far in May, worrying about the second wave of COVID-19 Pandemic and its impact on the Indian economy. According to the depository data, Foreign Portfolio Investors (FPIs) pulled out Rs 6,370 crore from the stock market during May 21 to 21, while Rs 1,926 crore was raised in bonds. Thus, FPI made a withdrawal of Rs 4,444 crore.
Himanshu Srivastava, Associate Director-Manager Research – Morning Star India, said, “Foreign investors are moving a short distance from the market due to concerns about the second wave of corona virus epidemic and its impact on the Indian economy and investing large amount in the stock market.” Avoiding doing.
Foreign investors made a short distance from the market
He said that although there are signs of improvement in the situation regarding the corona virus infection for the last two weeks. This has brought some relief and the net number has drastically decreased. Earlier, in April, Rs 9,435 crore was netted from the Indian capital market.
Worry about rising debt level
Kotak Securities Ltd. Srikanth Chauhan, Executive Vice President (Equity Technical Research), said that FPIs are extracting capital from emerging markets due to concerns over inflation and rising debt levels.
He said that in the emerging markets, in South Korea and Taiwan, $ 825 million and $ 344 million, respectively, have been withdrawn so far this month. However, in contrast, Indonesia invested $ 4.6 million during this period.
read this also- This is how you can make more money by making Fixed Deposit, know how you can choose a scheme with high interest
read this also- You will not have any problem with money, if you have invested in KVP, NSC and MF, know how to get benefit