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Foreign investors sold shares worth Rs 27,000 crore in three sessions; Effect of Israel-Iran conflict and better performance of Chinese markets is visible
Foreign portfolio investors (FPIs) have sold shares worth Rs 27142 crore from the Indian markets in just three trading sessions of October. The market capitalization of nine out of the top 10 companies listed on the BSE has decreased by Rs 4.74 lakh crore. This week, IPOs of only two companies will open for subscription. Know in detail in this article.
The increase in the price of crude oil due to the increasing war between Israel and Iran, along with the good performance of Chinese markets, is hurting the Indian stock market. Due to the mentioned reasons, FPIs have sold shares worth Rs 27,142 crore in just three trading sessions in October.
FPIs had bought shares worth Rs 57,724 crore in September, which was the highest FPI investment in any one month in 2024. According to data from the National Securities Depository Limited (NSDL), FPIs have been continuously buying equity markets since June after withdrawing Rs 34,252 crore during April-May.
Due to this, FPIs have remained net buyers so far in 2024. During the end of September, the net inflow of FPIs for the entire year had crossed Rs 1 lakh crore. However, after the recent outflow, FPI investment in equity markets has slid to around Rs 73,000 crore.
