Foreign investors have offloaded ₹32,963 crore from Indian equities in May amid weak corporate earnings growth, rupee depreciation, and other adverse market factors.
Foreign investors resumed selling after a brief pause in October. As per the data with the repositories, resuming selling in November, they pulled out a net Rs 3,765 crore from Indian equities.
Notably, as per the data from depositories, the FPIs have pulled out Rs 23,885 crore in September, Rs 34,990 crore in August, and Rs 17,700 crore in July.
In the first week of September, foreign investors pulled out Rs 12,257 crore (USD 1.4 billion) from Indian equities.
In the month of August, the foreign investors pulled out Rs 34,993 crore (around USD 4 billion) from Indian equity markets.
The event held in New Delhi and graced among others by Chief Minister Mohan Charan Majhi, was attended by Ambassadors, High Commissioners, Consul-Generals, Trade Commissioners, and senior diplomats from 34 countries.
Foreign investors have injected close to Rs 33,700 crore in domestic equities so far in September, according to data available with the depositories.
Foreign investors have infused Rs 7,320 crore in the Indian equities in August owing to high valuation of stocks.
The development comes amid the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts.
In July, foreign investors infused Rs 32,365 crore into Indian equities on the back of expectation of continued policy reforms and sustained economic growth and better-than-expected earnings season.
