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Corona’s second wave raises concern for foreign investors, withdraws Rs 4,444 crore from Indian markets

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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.

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Foreign investors have withdrawn Rs 4,444 crore from Indian markets so far in May, worrying about the second wave of COVID-19 Pandemic and its impact on the Indian economy.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said that in the emerging markets, in South Korea and Taiwan, $ 825 million and $ 344 million, respectively, have been withdrawn so far this month.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.

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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