FPIs pull out Rs 7,013 cr from Indian markets so far this month

The dollar index climbing above 92 and firmness in US 10-year bond yield impacted sentiments which may be seen as profit-booking since FPIs are sitting on huge profits, says an analyst

Foreign portfolio investors (FPIs) were net sellers to the tune of Rs 7,013 crore so far this month in the Indian markets on profit-booking as jitters in global bond markets spooked investors. As per depositories data, FPIs pulled out Rs 531 crore from equities and Rs 6,482 crore from the debt segment between Mar 1-13.

The total net outflow stood at Rs 7,013 crore.

In contrast, they had pumped in Rs 23,663 crore in Indian markets in February and Rs 14,649 crore in January, on net basis.

"The flows into the equity markets have moderated significantly in the recent times, which could be