01-01-1970 12:00 AM | Source: IANS
FPIs pull out Rs 6,427 cr from Indian equities
Foreign portfolio investors (FPI) continue to pull out investments from the Indian equities amid the severe Covid crisis and the lockdowns across states.
So far in May, FPIs have pulled out a net investment of Rs 6,427 crore from the equities segment, showed NSDL data.
The subdued investor sentiments come on the back of the deepened Covid crisis in the country.
The lockdowns and restrictions across states also have weakened the prospects of economic recovery, analysts said.
The selling in May continues after FPIs withdrew net investments of Rs 9,659 crore in April. The bearish trend last month came after incessant buying in the preceding six months.
The overall net investments in 2020 now stand at Rs 39,656 crore.
Latest News
RBI tweaks rules to cut risk banks face in exposure ...
Raymond posts 18 per cent jump in Q4 net profit at R...
Daily Market Commentary : Nifty after marking a new ...
Priyanka says being part of `Womb` has been nothing ...
Buy Zinc Above 259 SL. BELOW 256 TGT 263/264 - Axis...
From Alaya F to Daler Mehndi & Sudhanshu Pandey, cel...
T20 World Cup: `Four spinners... Rinku Singh should ...
Shubhankar Sharma, Gaganjeet Bhullar seek golfing br...
BIPF`s 11 th Shambhavi Puraskar honours efforts for ...
Mahindra & Mahindra received record 674 patents in FY24