General

FPIs dump Indian finance stocks to meet redemption pressure – Economic Times

According to analysts tracking fund flows, the outflow is primarily led by redemption pressure on emerging market funds due to the exclusion of Russia from the EM index.

Synopsis

​​Overseas investors, which constitute about one-fifth of India’s total market capitalization, sold Indian equities worth $ 8.4 billion (Rs 64,000 crore) between February 15 and March 15, 2022. This was bigger than the outflow of $ 8.3 billion in March 2020.

ET Intelligence Group: Foreign portfolio investors (FPIs) sold $ 3.7 billion (Rs 28,000 crore) of Indian financial services stocks over the past month accounting for nearly 45% of their total outflow, the data from NSDL shows.

Overseas investors, which constitute about one-fifth of India’s total market capitalization, sold Indian equities worth $ 8.4 billion (Rs 64,000 crore) between February 15 and March 15, 2022. This was bigger than the

  • GIFT ARTICLE
  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

Next Post