FPIs may not rush back to India; holding in Nifty50 companies at 23-qtr low

Of the total 50 companies from the Nifty index, FPIs has reduced their holdings in 45 companies during the recently concluded quarter

A massive sell-off in equities by foreign portfolio investors (FPIs) to the tune of Rs 48,029 crore ($6.37 billion) in the March 2020 quarter has seen their ownership in Nifty50 companies decline to 23-quarter low of 23.11 per cent during the period. Earlier, in September 2014, FPIs held an average 22.94 per cent stake in Nifty 50 companies.

The S&P BSE Sensex slipped 28.6 per cent during the recently concluded quarter, while the Nifty which declined 29.3 per cent, recorded its sharpest quarterly fall since the June 1992 quarter when it had tanked 32.2 per cent. In 2008-09, the Sensex