Foreign Portfolio Investors (FPIs) have raised over Rs 7,622 crore from Indian markets so far in April. Investor confidence has dwindled due to the suppression of various states amid rising Covid cases. According to the deposit data, FPIs raised Rs 8,674 crore in shares from April 1 to 23. But, this time, they are in the debt or bond market at Rs 1,052 crore. Thus, his net withdrawal amounted to Rs 7,622 crore.
Sensex’s top 10 investors lose Rs 1.33 trillion
Earlier, FPIs were trading in Indian markets at Rs 17,304 crore in March, Rs 23,663 crore in February and Rs 14,649 crore in January. Himanshu Srivastava, Associate Director-Manager of Morningstore India, said, “FPIs have been net sellers in the stock markets for five consecutive weeks. Srivastava said FPIs have recently been withdrawn due to the rapid rise in cases of coronary infection. Many states have suppressed the epidemic.
Experts are saying how the stock market will move this week
The second wave is very serious and its impact on the economy has not yet been underestimated, but it certainly has overshadowed the expectations of an early revival in the economy, he said. He said it remains attractive in the short term due to uncertainty in the stock market. VK Vijayakumar, chief investment strategist at Geojit Financial Services, said that the banking sector usually owns shares. Globally, there is buying in related stocks such as IT, metals and pharma. FPIs are following this trend to a large extent, he said.
