FPIs take exit route in July, net withdrawal from equities at Rs 11,308 Cr


Mumbai, Aug 1 (IANS): Foreign portfolio investors (FPI) pulled out net investments worth Rs 11,308 crore from Indian equities in July.

Investors turned cautious amid concerns of rising cases of Covid-19 in several countries. High oil prices also weighed on the investor sentiments, analysts said.

The outflow comes after net FPI investment in June stood at Rs 17,215 crore.

Post the outflow last month, the net investment into the equities segment in 2021 stands at Rs 49,036 crore.

On Friday, the BSE Sensex closed at 52,586.84, lower by 66.23 points or 0.13 per cent from its previous close of 52,653.07 points.

The Nifty50 on the National Stock Exchange closed at 15,763.05, lower by 15.40 points or 0.1 per cent from its previous close.

According to analysts, the upcoming monetary policy review coupled with the ongoing financial results season will influence the trajectory of key equity indices in the week ahead.

  

Top Stories


Leave a Comment

Title: FPIs take exit route in July, net withdrawal from equities at Rs 11,308 Cr



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image