FPIs offload ₹5,254 crore in Indian equities on high US bond yields, turn net sellers in debt markets
Foreign portfolio investors (FPIs) have tuned net sellers in Indian markets ever since reducing their momentum of buying this month with the onset of the new fiscal 2024-25 (FY25). This comes after reporting solid inflows in the previous fiscal. However, experts are doubtful if the inflows will continue in the near-term due to the India-Mauritius tax treaty and weak global cues.
FPIs have offloaded ₹5,254 crore worth of Indian equities and the total outflow stands at ₹8,982 crore as of April 19, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt outflows stand at ₹6,174 crore so far this month.
more to come
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Published: 20 Apr 2024, 09:45 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.