Foreign Investors Withdraw Over Rs 94,000 Crore from Indian Markets in October
Bureau/ royalpatiala.in News/ November 3,2024
Foreign investors turned net sellers in October, withdrawing shares worth over 94,000 crore rupees in the month owing to high valuations in domestic markets and the strong performance of the Chinese market.
This outflow comes after a nine-month high investment of over 57,700 crore rupees in September this year by the FPIs. Earlier, they had withdrawn over 61,000 crore rupees from the shares in March 2020.
Foreign Investors Withdraw Over Rs 94,000 Crore from Indian Markets in October. Data with the depositories showed that overall, FPIs have been net buyers in 2024, except for January, April, May and October. Looking ahead, global factors such as geopolitical developments, future direction of interest rates, progress in Chinese economy and results of the US Presidential Polls will play a crucial role in determining the flow of foreign investments into the Indian equity markets, according to experts.
(Courtesy-News On Air)
