Foreign Investors Continue Sell-Off, Withdraw Rs 41,000 Crore In March

Continuing their selling spree for the sixth consecutive month, foreign investors pulled out a massive Rs 41,000 crore from the equity market in March

Continuing their selling spree for the sixth consecutive month, foreign investors pulled out a massive Rs 41,000 crore from the equity market in March on anticipation of rate hikes by the US Federal Reserve and deteriorating geopolitical environment amid the Russia-Ukraine war.

Further, flows from foreign portfolio investors (FPIs) are expected to remain volatile in the near term given the headwinds in terms of elevated crude prices and inflation, experts said.

According to data available with the depositories, FPIs were net sellers to the tune of Rs 41,123 crore in the equity market last month.

This was way higher than net withdrawals of Rs 35,592 crore in February and Rs 33,303 crore in January.