FPIs turn net sellers in January; pull out Rs 3,600 crore in just 9 sessions
Business | January 13, 2019 15:50 ISTAccording to data available with the depositories, FPIs withdrew a net amount of Rs 3,677 crore from equities during January 1-12.
According to data available with the depositories, FPIs withdrew a net amount of Rs 3,677 crore from equities during January 1-12.
This was the worst year for Indian capital markets in terms of overseas investment since 2002, the last year for which segregated FPI data for equity and debt markets are available.
FPIs have been net sellers almost throughout this year barring some months such as January, March, July and August.
The latest outflow is higher than Rs 21,000 crore net withdrawals seen in entire September.
According to the latest depository data, foreign portfolio investors (FPIs) withdrew a net sum of Rs 4,318 crore from equities during September 3-14.
Besides, the panel has suggested giving six months to FPIs for compliance to new rules, after they are finalised, while the non-compliant investors can be given further 180 days to wind down their existing positions.
Earlier, foreign portfolio investors (FPIs) had to file a separate form to register themselves with the market regulator Sebi.
According to the latest depository data, foreign portfolio investors (FPIs) pumped in Rs 2,409 crore into equities and Rs 5,168 crore into the debt market during August 1-17, taking the total to Rs 7,577 crore.
FPIs have taken the total net investments to Rs 2,312 crore, as per the latest depository data.
Market analysts attribute the recent inflow to improvement in global sentiment as well as the government's recent announcement on recapitalising state-run banks
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