FPIs register steepest outflow in 7 months at Rs 28,852 cr in January

Foreign investors pulled out Rs 28,852 crore from Indian equities in January, making it the worst outflow in the last seven months, primarily due to attractiveness of the Chinese markets.

This came following a net investment of Rs 11,119 crore in December and Rs 36,238 crore in November, data with the depositories showed.

Going ahead, FPI flows are expected to remain volatile as Indian equities continued their large underperformance compared to global markets, Shrikant Chouhan, Head of Equity Research(Retail), Kotak Securities, said.

According to the data, FPIs withdrew a net sum of Rs 28,852 crore from equities in January. This was also the