FPIs divest Indian equities worth over Rs 20,000 crore in four trading sessions
The development came amid escalating tensions in the Middle East and a substantial surge in the US bond yields.
The development came amid escalating tensions in the Middle East and a substantial surge in the US bond yields.
The rising bond yields in the US are impacting equity markets, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
The distinct trend in FPI flows this year is the erratic nature of equity flows in contrast to the steady positive trend in debt inflows.
Foreign Portfolio Investments (FPIs) in March have shown a significant resurgence in their investment activity within the Indian equity markets, data with the depositories showed.
This rising trend in debt investment is evident in March too, with inflows of Rs 13,223 crore in debt through March 2022, he said.
Retail traders grouse that over Rs 12 lakh crore in market cap has been eroded and FPI have over 50 countries apart from India to put in their investments.
The rupee's previous all-time intra-day low was 69.10, touched on June 28.
Foreign investors have pulled out more than Rs 15,500 crore from the Indian capital markets so far this month due to weak rupee, surge in global crude prices and uncertainty over US-China trade relations.
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