New Delhi : Continuing the selling spree, foreign investors have pulled out close to Rs 3,000 crore from equities in the first week of this month amid lacklustre earnings season as well as tensions between the US and North Korea over the latter’s nuclear programme.
The net outflow by Foreign Portfolio Investors (FPIs) follows a withdrawal of Rs 12,770 crore from the stock market in August. Prior to that, they had pumped in over Rs 62,000 crore in the past six months, February-July. According to the latest depository data,
FPIs withdrew a net of Rs 2,965 crore ($462 million) from September 1-8. However, they pumped in Rs 2,700 crore in debt markets during this period. After taking into the account the latest outflow, the total investment by FPIs in equity markets is at Rs 45,220 crore (about $7 billion) this year.