Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Sat, 18 Jun 2022 04:16 PM IST
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In the year 2022, foreign investors have sold heavily from the stock market, which is still continuing. According to the report, record shares have been sold so far this year and Rs 2 lakh crore has gone out of Dalal Street. FPIs sold shares worth Rs 45,276 crore in the month of May itself, while shares worth Rs 28,445 crore have been sold this month only till June 17.
Quoting market data, the report said that in the calendar year 2022 so far, foreign institutional investors have sold shares worth a total of Rs 2,02,244 crore. Dr. VK Vijayakumar, Chief Investment Adviser, Geojit Financial Services said that FPIs have seen heavy selling from the Indian markets as compared to other emerging markets like Taiwan and South Korea.
He said the strengthening of the dollar and rise in bond yields in the US have been the main reasons for selling of FPIs. The Fed and other central banks such as the Bank of England and the Swiss Central Bank have raised rates, so rising yields are accompanied by simultaneous rate hikes globally. Vijayakumar said that money is being transferred from equities to bonds. During this period, FPIs in India continued to sell in finance and IT, where they hold the largest share.