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Foreign Portfolio Investors Pulled Out 46k Crore From Indian Stock Market In June 2022

Foreign portfolio investors: Due to the selling of foreign investors,...

Foreign portfolio investors: Due to the selling of foreign investors, there is a continuous decline in the Indian market. FPIs have also withdrawn from the market in the month of June. After the decision taken by the Reserve Bank of India and the US Federal Reserve, FPIs have withdrawn about Rs 46,000 crore so far this month.

Net withdrawal stood at 2.13 lakh crore
Federal Reserve’s policies, crude oil prices and volatile rupee influenced the outlook of foreign portfolio investors (FPIs). According to the data, net outflows from equities by FPIs have risen to Rs 2.13 lakh crore so far in 2022.

Know what is the opinion of experts?
Hitesh Jain, principal analyst for institutional equities at Yes Securities, said monetary tightening by the US Federal Reserve and other major central banks, rising crude oil prices and volatile rupee amid speculation that FPIs will stay away from emerging markets.

Selling will continue even further
He said that FPI inflows will resume only when the rate hike by the Federal Reserve in the US stops. Besides, FPIs are likely to sell more if the current trend of dollar and bond yields continues, said VK Vijayakumar, chief investment strategist, Geojit Financial Services.

Withdrawals from October 2021
According to the data, foreign investors have made a net withdrawal of Rs 45,841 crore from equities in June (till 24th). Foreign investors have been continuously withdrawing money from Indian equities since October 2021. Such withdrawals were last seen in the first quarter of 2020, when the pandemic was accelerating.

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