According to the latest data from depositories, a net withdrawal of Rs 244 crore has been made by foreign portfolio investors (FPIs) in the domestic capital market in the month of December amid falling economic data. Foreign investors became net sellers. Last month itself, an investment of Rs 17,722 crore was made.
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Foreign investors become net sellers Foreign portfolio investors became net sellers in December. So far this month, FPI has withdrawn Rs 1,668.8 crore from the shares. FPIs have invested Rs 1,424.6 crore in debentures or bonds. That is, they were net sellers of Rs 244.2 crore till now.
Invested Rs 17,722 crore last month Talking about last month, FPI had a net purchase of Rs 22,871.8 crore in November. In October, the figure was Rs 16,037.6 crore.
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FPI takes caution in investing In this context, Himanshu Srivastava, Senior Analyst Manager, Morningstar Investment Advisor India, said, "FPIs are cautious in investing in Indian stocks amid the decline in economic indices." This year has not been good for India's economy. India's GDP growth declined to 4.5% in the September quarter.
What is FPI? Explain that when an international investor invests in the passive holding of an enterprise of another country, that is, in a financial asset, it is known as FPI.
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