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Bilaspur Political News Officials of the Jhuggi Jhopri Cell met the Chief Minister

Bilaspur Political News Officials of the Jhuggi Jhopri Cell met the Chief Minister
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Markets likely to open weak - The Hindu BusinessLine

Markets likely to open weak - The Hindu BusinessLine
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FPIs: FPIs pull out Rs 5,689 cr from Indian equities in July so far

New Delhi: Foreign portfolio investors (FPIs) offloaded Indian equities to the tune of over Rs 5,689 crore in July so far as they continued to adopt a cautious stance in view of various domestic and global factors. During July 1-23, FPIs took out Rs 5,689.23 crore from equities, as per depositories data. During this period, they invested Rs 3,190.76 crore in the debt segment. So, net withdrawal during the period under review stood at Rs 2,498.47 crore. Rising valuations, surge in oil prices and firmness in US dollar would have made foreign investors wary of the near-term risks, which would have prompted them to stay on the sidelines, Himanshu Srivastava, associate director - manager research, Morningstar India, said.

FPIs pull out so far Rs 5,689 cr from Indian equities in July

During July 1-23, FPIs took out Rs 5,689.23 crore from equities, as per depositories data. During this period, they invested Rs 3,190.76 crore in the debt segment. So, net withdrawal during the period under review stood at Rs 2,498.47 crore. Rising valuations, surge in oil prices and firmness in US dollar would have made foreign investors wary of the near-term risks, which would have prompted them to stay on the sidelines, Himanshu Srivastava, associate director - manager research, Morningstar India, said. Harsh Jain, co-founder and COO at Groww, said that in addition, with Sensex and Nifty hovering around the all-time high mark, foreign investors are being cautious in investing money.

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