InvestorQ : How much have foreign investors pulled out of Indian markets in May till date?
Chandralekha Desai made post

How much have foreign investors pulled out of Indian markets in May till date?

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NISHA Nayak answered.
4 weeks ago
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FPIs pulled out Rs.6,452 crore from the Indian financial markets in the first two weeks of May 2021. The selling was very heavy in equities with FPIs selling Rs.6,427 crore in equities and a marginal Rs.25 crore in debt. It is now being feared that by the end of the May month, the total FPI selling could breach the outflow figure of April at Rs.9,453 crore. The only hope is that the numbers turn around rapidly in the last two weeks, which looks unlikely.

There are a number of reasons for this sharp FPI selling including muted earnings growth, resurgence of COVID, delays in vaccinations and more lockdowns happening across India. FPIs are gravitative towards defensives like IT, Pharma and FMCG as opposed to erstwhile favourites like banks, metals and capital goods.

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