FPIs pull out Rs 22,400 crore so far in November, selling pressure continues
Foreign Portfolio Investors (FPIs) have maintained their bearish stance on Indian markets in November, extending their massive selloff from October, already pulling out Rs 22,420 crores in the first half of November, according to NSDL data.
The FPIs had offloaded a staggering Rs 1,13,858 crore in October.
While FPIs continued their exit from the secondary market, selling Rs 32,351 crore through exchanges, they maintained their confidence in the primary market with investments of Rs 9,931 crore.
Adding to the concern, FPIs have also turned cautious on Indian debt markets, with outflows reaching Rs 4,717 crores in the first fortnight of November.
“The relentless FPI selling has been triggered by the cumulative impact of three factors: one, the high valuations in India; two, concerns regarding the earnings downgrade; and three, the Trump trade,” said Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Stock Trading
Commodity Markets Made Easy: Commodity Trading Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Ichimoku Trading Unlocked: Expert Analysis and Strategy
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
Options Scalping Made Easy
By — Sivakumar Jayachandran, Ace Scalper
Stock Trading
Derivative Analytics Made Easy
By — Vivek Bajaj, Co Founder- Stockedge and Elearnmarkets
Stock Trading
Introduction to Technical Analysis & Candlestick Theory
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock
