FPIs in selloff mode for 2nd straight month, pull out Rs 15,403 cr in April

Foreign portfolio investors (FPIs) continued their selling spree for the second straight month, withdrawing a net Rs 15,403 crore from the Indian capital markets in April amid the coronavirus crisis.

As per the depositories data, FPIs pulled out a net sum of Rs 6,884 crore from equities and a net Rs 8,519 crore from the debt segment between April 1-30.

The total net outflow during the month stood at Rs 15,403 crore.

In March, FPIs had withdrawn a record Rs 1.1 trillion on a net basis from the Indian capital markets (both equity and debt).

"Of the inflows that are coming into India, nearly