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FPI outflows: FPI outflows gather pace as rising dollar, oil add to worries

Mumbai: Overseas fund managers’ appetite for Indian equities has dimmed of late as a strengthening dollar, rising oil prices and stretched share valuations have made them wary about near-term prospects. Foreign Portfolio Investors have been sellers in nine out of the 11 previous trading sessions since June 16. Their net outflow in this period was only over Rs 250 crore but that was on account of bulk deal inflows into select stocks on two days. But for these purchases, the FPI sales figures would have been much higher. “A weakness in the US dollar rate against the rupee could be reflected in changing risk attitudes of investors,” said Mark Mobius, veteran emerging markets investor and founder of Mobius Capital Partners.

5% correction will be healthy; steer clear of aviation & cinema stocks, says Samir Arora of Helios Capital

5% correction will be healthy; steer clear of aviation & cinema stocks, says Samir Arora of Helios Capital
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Samir Arora: Can Zomato, Paytm IPOs do the magic of Infosys IPO? No chance, says Samir Arora

In an interview with ET NOW, Arora of Helios Capital said the companies that hit the IPO market in the 1990s were in their early stages of growth, and people like him were acting like private investors.

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