FPIs turn net sellers for 2nd straight month; withdraw Rs 1,730 cr in May
FPIs withdrew Rs 3,375.2 crore from equities, but invested Rs 1,645.8 crore in the debt segment between May 1 and May 28, as per the depositories data. This took the overall net outflow to Rs 1,729.4 crore
- May 30, 2021,
- Updated May 30, 2021 11:59 PM IST
Overseas investors took out around Rs 1,730 crore from the Indian markets in May, turning out to be net sellers for the second straight month. The Foreign Portfolio Investors (FPIs) pulled out the money as the second wave of the COVID-19 pandemic spooked investors' sentiment.
The overall net outflow from the Indian capital markets, both equity and debt, was at Rs 9,435 crore in the month of April.
Falling coronavirus cases in India and signs of improvement in the overall situation is a positive sign, said Srivastava.
Also, waning concerns about any severe impact of the second wave of the pandemic on the economy would help foreign investors get their confidence back on Indian equities, he further added.
Mass vaccination in India remains a challenge, which will not be solved immediately, said Groww co-founder and Chief Operating Officer Harsh Jain.
After August, when greater doses of vaccines become available in India, the number of those vaccinated may be expected to climb steadily, leading to easing of restrictions of all kinds, he said.
Overseas investors took out around Rs 1,730 crore from the Indian markets in May, turning out to be net sellers for the second straight month. The Foreign Portfolio Investors (FPIs) pulled out the money as the second wave of the COVID-19 pandemic spooked investors' sentiment.
The overall net outflow from the Indian capital markets, both equity and debt, was at Rs 9,435 crore in the month of April.
Falling coronavirus cases in India and signs of improvement in the overall situation is a positive sign, said Srivastava.
Also, waning concerns about any severe impact of the second wave of the pandemic on the economy would help foreign investors get their confidence back on Indian equities, he further added.
Mass vaccination in India remains a challenge, which will not be solved immediately, said Groww co-founder and Chief Operating Officer Harsh Jain.
After August, when greater doses of vaccines become available in India, the number of those vaccinated may be expected to climb steadily, leading to easing of restrictions of all kinds, he said.