FPI outflows ebb amid easing global concerns, optimism over Ukraine war

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FPI outflows ebb amid easing global concerns, optimism over Ukraine war - Business Standard

Quick Summary:

The Indian equity market has witnessed a moderation in FPIs' selling pressure with the outflows narrowing to Rs 1,794 crore (USD 194 million) last week, buoyed by easing global concerns and growing optimism around a potential de-escalation in the Russia-Ukraine conflict.

Going forward, Foreign Portfolio Investors (FPIs) are expected to remain cautious, awaiting greater clarity on the US Federal Reserve's interest rate trajectory, geopolitical developments, and India's domestic economic outlook, according to Himanshu Srivastava, Associate Director of Manager Research at Morningstar Investment.

According to the data with the depositories, FPIs have offloaded equity shares worth Rs 1,794 crore (USD 194 million) for the week ended March 21.