FPI outflows continue in Nov at Rs 26,533 cr, pace of outflow slows

Quick Summary:

Foreign investors have pulled out Rs 26,533 crore from the Indian equity market this month so far owing to increasing allocations to China, concerns over muted corporate earnings and elevated valuation of domestic stocks.

While the sell-off continues, the quantum of net outflows has significantly reduced compared to October, when Foreign Portfolio Investors (FPI) withdrew Rs 94,017 crore (USD 11.2 billion) on a net basis.

With the latest pull-out, FPI outflows on a net basis are Rs 19,940 crore in 2024 so far.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Inflation India equity market Foreign portfolio investors China investments Indian stocks Geopolitical landscape Banking sector Foreign investment Geopolitical concerns FPI outflows Interest rates Market valuation IT stocks Corporate earnings Investment trends Stock market Debt market November 2024

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Article Type: News Report

Published On: 2024-11-24 @ 10:53:42 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Business Standard

News ID: 23786002

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