Mayank Mehra, manager and key partner of Craving Alpha, said, ‘ ‘ FPI flows to Indian markets will be uncertain. To a large extent this will depend on the performance of the Indian economy, the monetary review of the Reserve Bank and the September quarter results of the companies.
once again Foreign investors are increasingly withdrawing their money from the Indian stock market. Let me tell you that after six consecutive months of Livali, FPI has withdrawn Rs 14,767 crore from Indian stock markets in September. According to the depository data, foreign portfolio investors sold shares of Rs 14,767 crore in net in September. Earlier in August, the flow of FPI in shares came down to a four-month low of Rs 12,262 crore. At the same time, FPI was netting in Indian stocks for six consecutive months from March to August. During this time he bought shares of Rs 1.74 lakh crore.
Due to this money being withdrawn
Foreign portfolio investors ( FPI) are selling net in the Indian stock market in September amid a strengthening in the dollar, a return on bonds in the US and a jump in crude oil prices. Honorstar India Associate Director – Manager Research Himanshu Srivastava said, In addition to economic uncertainty in the US and the euro area, FPI is selling out due to growing concern over global economic growth. FPI is avoiding risk due to these conditions. ’ ’ He said that apart from this, high prices of crude oil, inflation figures and rising interest rates are also affecting the perception of FPI. According to the data, FPI has put Rs 938 crore in the loan or bond market in the period under review. In this way, FPI has invested Rs 1.2 lakh crore in Abtak shares in the current calendar year. At the same time, he has put more than Rs 29,000 crore in the bond market.
How will the trend be in October?
Mayank Mehra, manager and principal partner of Craving Alpha, said, ‘ ‘ FPI flows to Indian markets will be uncertain. To a large extent, this will depend on the performance of the Indian economy, the monetary review of the Reserve Bank and the September quarter results of the companies. ’ ’ Vijayakumar of V, chief investment strategist at Geojit Financial Services, said FPIs are selling because of the robustness of ‘the ‘ dollar. The dollar index is close to 107. In addition, bond returns in the US remain ( 10 years at 4.7 per cent) attractive, so FPI Bikwal remains. Brent crude oil prices at $ 97 a barrel. This is also one of the reasons for the sale of FPI.
