FPIs withdraw Rs 15,000 crore from equities in 2 weeks of January

Foreign investors offloaded around Rs 15,000 crore worth of Indian equities in the first two weeks of January amid risks of Covid in some parts of the world and recession worries in the US.

Foreign portfolio investors (FPIs) have been adopting a cautious stance towards Indian equity markets for the past few weeks.

Going forward, FPIs flows are expected to remain volatile even as inflation continued its downward trajectory both globally and domestically, Shrikant Chouhan, Head of Equity Research ( Retail), Kotak Securities Ltd, said.

According to the data with the depositories, FPIs have made a net withdrawal of Rs 15,068 crore from