FPIs begin 2023 in sell-off mode; pull out nearly Rs 5,900 crore

FPIs have been adopting a cautious stance toward Indian equity markets for the past few weeks

dollar, FPI, foreign investment
Representative Image
Press Trust of India
1 min read Last Updated : Jan 08 2023 | 11:01 PM IST
Foreign investors offloaded nearly Rs 5,900 crore from the Indian equity markets in the first week of January on growing concerns over the re-emergence of Covid in some parts of the world and recession worries in the US.

Foreign Portfolio Investors (FPIs) have been adopting a cautious stance toward Indian equity markets for the past few weeks.

Going forward, FPIs flow is expected to remain volatile amid GDP growth concerns, high global interest rates, and muted earnings expectations in the third quarter, Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.

According to data with the depositories, FPIs have made a net pull out of Rs 5,872 crore from the Indian equity markets during January 2-6.

In fact, foreign investors have been selling for 11 consecutive days, taking the cumulative selling to Rs 14,300 crore. This came following a net inflow of Rs 11,119 crore in December and Rs 36,239 crore in November. Overall, FPIs have made a net withdrawal of Rs 1.21 trillion from the Indian equity markets in 2022.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :FPIsEquities

Next Story