FPIs offload ₹22,420 crore from Indian equities in November: 5 key factors behind sell-off | Stock Market News
Source: Live Mint
Foreign portfolio investors (FPIs) stood disinterested in Indian markets, starting November on a dull note amid the uptrend in the US market, which was fueled by Republican Donald Trump’s victory in the US presidential elections and the latest US Federal Reserve’s interest rate cut verdict.
FPIs extended their robust selling streak in the Indian stock market after the sell-off hit a record high in October amid ongoing geopolitical tensions and cheaper valuations in the Chinese stock market. The FPI outflows recorded in October were the highest ever in a single month in Indian markets. FPIs turned net sellers in October after a sharp U-turn over global cues.
According to the National Securities Depository Ltd (NSDL) data, FPIs offloaded ₹22,420 crore worth of Indian equities, and the net outflow stood at ₹26,343 crore as of November 15, taking into account debt, hybrid, debt-VRR, and equities. October’s FPI outflow hit a 10-month high, the highest sell-off from the Indian market YTD. The total debt investment was ₹362 crore.
