FPIs Worth of Rs 6427 Crores Exited from Indian Equities

Sharing is caring!

Foreign portfolio investors (FPI) continue to pull out investments from the Indian equities amid the severe Covid crisis and the lockdowns across states. So far in May, FPIs have pulled out a net investment of Rs 6,427 crore from the equities segment, showed NSDL data.

The subdued investor sentiments come on the back of the deepened Covid crisis in the country.

The lockdowns and restrictions across states also have weakened the prospects of economic recovery, analysts said.

The selling in May continues after FPIs withdrew net investments of Rs 9,659 crore in April. The bearish trend last month came after incessant buying in the preceding six months. The overall net investments in 2020 now stand at Rs 39,656 crore.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: