FPIs withdraw record Rs 94,000 cr from Indian equities in October

Quick Summary:

Foreign investors pulled out a massive Rs 94,000 crore (around USD 11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows, triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks.

Before this, foreign portfolio investors (FPIs) withdrew Rs 61,973 crore from equities in March 2020.

Since June, FPIs have consistently bought equities after withdrawing Rs 34,252 crore in April-May.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Director United States Himanshu Srivastava Financial markets Vijayakumar Chief Investment Strategist Investment Manager Research VK Vijayakumar Geojit Financial Services Valuation Brokerage Services Presidential election Major

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Published On: 2024-11-03 @ 11:48:51 (3 days ago)

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