Read more about FPIs withdraw Rs 5,936 cr from equities in May amid worries over Covid wave on Business Standard. Foreign investors have pulled out Rs 5,936 crore from the Indian equities in the first week of May amid worries over the intense second wave of coronavirus infection and its fallout on the economy
FPIs pull out Rs 5,936 cr from equities in May amid raging 2nd COVID-19 wave
Before April s outflow, foreign investors had been infusing money in stocks since October last year. They infused over Rs 1.97 lakh crore in equities from October 2020 to March 2021
BusinessToday.In | May 9, 2021 | Updated 14:48 IST
So far this year, overseas investors have put in a net sum of Rs 40,146 crore in equities
Foreign Portfolio Investors (FPIs) withdrew Rs 5,936 crore from the Indian stocks in the first week of May in the wake of worries over the massive second wave of COVID-19 and its repercussions on the economy.
Overseas investors pulled out Rs 9,659 crore in the month of April after putting in money in the preceding six months, as per the depositories data, which further revealed that the FPIs withdrew a net amount of Rs 5,936 crore from Indian equity markets during May 3-7.