FPI outflows are visible in all Asian markets
Mumbai, July 11 (IANS)| Foreign portfolio investors (FPIs) have been net sell-offs in the Indian equity segment so far in July. They have withdrawn a net investment of Rs 2,249 crore from equity in July, showing data on the NSDL site.
An analyst said concerns over the delta variant of Kovid-19 and rising oil prices have affected investor sentiments. “FPIs have been net sellers in Indian equities so far in July 2021. All major emerging markets and Asian markets have witnessed FPI outflows so far this month,” said Shrikant Chauhan, Executive Vice President (Equity Technical Research), Kotak Securities.
“We expect FPI inflows into India to remain sensitive to US Fed monetary policy and rising crude oil prices. On market inflation, oil prices, bond yields and the spread of the COVID delta variant going forward,” he said. Will keep an eye.” With net outflows so far this month, the net FPI investment in 2021 stands at Rs 58,095 crore. Net investment in the equity segment stood at Rs 17,215 crore in June.
(Disclaimer: This news has been published directly from news agency’s Syndicate feed. It has not been edited by AnyTV News team.)