FPIs return as net sellers in Sept with outflow of ₹7,624 cr from equities. What to expect in Oct?4 min read 02 Oct 2022, 11:33 AM IST
Data from NSDL showed that FPIs outflow stood at ₹7,624 crore in the equity market in September. While money exited from equities, FPIs turned into net buyers in the debt market with an inflow of ₹4,012 crore.
After a strong buying sentiment in August, foreign portfolio investors (FPIs) returned as net sellers in September month due to recession fears in major economies, coupled with monetary policy tightening globally and stubbornly high inflation. Majority of selling from FPIs were seen in the second half of September. That said, FPIs pulled out about ₹7,624 crore from the Indian equities. It needs to be noted that, selloffs in September are still the lowest so far in 2022. Most likely FPIs are seen to buy more in October on the back of the stable economic growth prospect of India ahead.
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