FPIs withdraw ₹85,790 cr from Indian equities in Oct on attractive Chinese market valuations
The Hindu
October sees record foreign fund outflows from Indian equities, driven by global events and domestic indicators.
Foreign investors have continued selling in the Indian market, pulling out a massive ₹85,790 crore (around $10.2 billion) from equities this month due to Chinese stimulus measures, attractive stock valuations, and the elevated pricing of domestic equities.
October is turning into the worst-ever month in terms of foreign fund outflows. In March 2020, FPIs withdrew ₹61,973 crore from equities.
The latest outflow came after a nine-month high investment of ₹57,724 crore in September 2024.
Since June, foreign portfolio investors (FPIs) have consistently bought equities after withdrawing ₹34,252 crore in April-May. Overall, FPIs have been net buyers in 2024, except for January, April, and May, data with the depositories showed.
Looking ahead, the trajectory of global events like geopolitical developments and interest rate movements will play a crucial role in shaping future foreign investment in Indian equities, Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India, said.
On the domestic front, key indicators like inflation trends, corporate earnings, and the impact of festive season demand will also be closely watched by FPIs as they assess opportunities in the Indian market, he added.
According to the data, FPIs made a net withdrawal of ₹85,790 crore from equities between October 1 and 25.
2025 TVS RONIN: Retro aesthetics meet cutting-edge technology with vibrant colors and enhanced safety features.
LIC introduces Smart Pension Plan with various annuity options, minimum purchase price of ₹1 lakh, and digital sales support.
Government ensures protection of exporters and people's interests, adapting to global changes, challenges, and increasing exports significantly.
Rupee closes at 86.96 against USD due to foreign fund outflows and rising Dollar index.
Uttar Pradesh CM Yogi Adityanath urges opposition to contribute positively in Budget Session for smooth legislative proceedings.
Tesla's job postings in Mumbai Suburban hint at potential entry into Indian market, following Elon Musk's visit with PM Modi.
Qatar ready to fast track negotiations for new investment agreement with India, focusing on trade diversification and technology.
India's aerospace sector is booming, with local firms like Hical and JJG Aero expanding rapidly to meet global demand.
Rupee weakens against dollar due to foreign fund outflows, negative equities trend; RBI support waning; trade deficit widens.
Samsung Electronics has decided to cancel 3.05 trillion won ($2.11 billion) worth of its own shares, the company said.
Concerns over stagnant income levels overshadowed optimism about reduced expenses among urban consumers
Finance Minister Nirmala Sitharaman addresses FII outflows from India's equity markets, highlighting good returns and investor behavior.
Adani Foundation partners with GEMS Education to establish affordable schools across India, offering high-quality education to students.