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Bearish bond market signals

So far, Indian equity investors have ignored this. But there could be some impact with a lag

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Devangshu Datta
Since January 2018, foreign portfolio investors (FPIs) have invested a net Rs 85 billion in rupee equity and sold a net Rs 108 billion in rupee debt. In April, which was the start of a new fiscal, they sold Rs 55 billion of equity and Rs 100 billion of debt.

The April numbers have skewed the data downwards. Between January-March 2018, the FPI attitude was net positive with net equity buying of Rs 139 billion and net debt sales of Rs 8 billion. The Nifty was up over 6 percent in April despite the FPI sales.  Domestic Institutions bought Rs
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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