Foreign investors have pulled out Rs 44,396 crore from Indian equities this month, driven by strength of the dollar, rising bond yields in the US, and expectations of a weak earnings season. This came following an investment of Rs 15,446 crore in the month of December, data with the depositories showed. The shift in sentiment comes amid global and domestic headwinds. "The continued depreciation in Indian rupee is exerting significant pressure on foreign investors leading them to pull the money out of the Indian equity markets," Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Advisers India, said. In addition to that, higher valuation of Indian equities, despite recent corrections, expectation of a rather weak earning season and uncertainty over the pace of economic growth are making investors wary, he added. According to the data, Foreign Portfolio Investors (FPIs) offloaded shares worth Rs 44,396 crore from Indian equities so far this month (til
Move will do away with need to furnish specific data sought earlier
Cumulative net shorts on Nifty and Bank Nifty Futures by FPIs on Thursday was highest since June 6, 2024
In the first nine months of 2024, 36 million demat accounts were added, buoyed by gains in the secondary market and record initial public offerings (IPOs)
Foreign investors pulled out Rs 4,285 crore from Indian equities in the first three trading days of the month driven by apprehensions ahead of the third-quarter earnings season and high valuations of domestic stocks. This came following an investment of Rs 15,446 crore in the entire December, data with the depositories showed. The shift in sentiment comes amid global and domestic headwinds. "FPIs are likely to continue selling as long as the dollar remains strong and US bond yields offer attractive returns. The dollar index at around 109 and the 10-year bond yield above 4.5 per cent are significant deterrents to FPI flows," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data, Foreign Portfolio Investors (FPIs) offloaded shares worth Rs 4,285 crore from Indian equities in the first three trading sessions of the month (January 1 to 3). The uncertainty among foreign investors is reflected in the ongoing trend of outflows. "Investors
But benchmark indices see decline on Friday amid selling by foreign portfolio investors
December is usually a tepid month for IPOs as securing foreign portfolio investors (FPI) support is a challenge due to the holiday season
Markets are expected to remain subdued at the beginning of 2025, facing headwinds from expensive valuations, structural issues in domestic consumption demand
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FPIs have shown renewed interest in primary issuances in 2024, even as they have withdrawn significant sums from the secondary market
Unshackling animal spirits: A record Rs 1.1 trillion in foreign flows via IPOs, QIPs, and rights issues
Market players expect the pace to pick up in December with stability returning to the market and upcoming IPO launches.
Pumped money into financial services and IT, while redeeming investments from oil and gas, and auto stocks
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Notwithstanding market selloff, shares of solar panel maker Waaree Energies are expected to soar close to 90 per cent during their trading debut on Monday
If trend holds, this will be first monthly outflows of over $10 bn
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The velocity of the selling was so high that barely any sector was spared. However, metals and utilities still managed marginal inflows