{"id":18737,"date":"2021-04-26T17:47:12","date_gmt":"2021-04-26T12:17:12","guid":{"rendered":"https:\/\/dailytaskeen.com\/?p=18737"},"modified":"2021-04-26T17:47:12","modified_gmt":"2021-04-26T12:17:12","slug":"fpis-pull-out-rs-7622-cr-so-far-in-april","status":"publish","type":"post","link":"https:\/\/dailytaskeen.com\/?p=18737","title":{"rendered":"FPIs pull out Rs 7,622 cr so far in April"},"content":{"rendered":"

Overseas investors withdrew a net Rs 7,622 crore from Indian markets in April so far as a surge in Covid-19 cases and the consequent restrictions imposed by various states dent investors\u2019 sentiment.<\/em><\/strong><\/p>\n

According to the depositories data, overseas investors pulled out Rs 8,674 crore from equities, but invested Rs 1,052 crore in the debt segment.<\/p>\n

The total net withdrawal between April 1-23 stood at Rs \u00a07,622 crore.<\/p>\n

Previously, FPIs invested Rs 17,304 crore in March, Rs 23,663 crore in February and Rs 14,649 crore in January.<\/p>\n

FPIs have been \u201cnet sellers in the equity markets for five weeks in a row now\u201d, noted Himanshu Srivastava, associate director – manager research, Morningstar India.<\/p>\n

Srivastava said the recent spate of net outflows could be largely attributed to the enormous surge in the COVID-19 pandemic in India, which has led several states to impose restrictions to bring the situation under control.<\/p>\n

While the impact of a more severe second wave of the pandemic on the economy is yet to be ascertained, it has definitely dashed hopes of an early economic recovery, he further added.<\/p>\n

For investment in the debt segment, he said, \u201cThe uncertainty in the equity markets has made the Indian debt markets relatively attractive from the short-term perspective\u201d.<\/p>\n

VK Vijayakumar, chief investment strategist at Geojit Financial Services noted that as per the general trend in the market, there is selling in stocks like the banking sector, and buying shares with global linkages like IT, metals and pharma.<\/p>\n

\u201cFPIs also are more or less following this trend,\u201d he said.Investments might turn positive again once the COVID-19 cases start declining and as the effects of the vaccination catch on, said Harsh Jain, co-founder and COO at Groww.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Overseas investors withdrew a net Rs 7,622 crore from Indian markets in April so far as a surge in Covid-19 cases and the consequent restrictions imposed by various states dent investors\u2019 sentiment. According to the depositories data, overseas investors pulled out Rs 8,674 crore from equities, but invested Rs 1,052 crore in the debt segment. …<\/p>\n","protected":false},"author":2,"featured_media":18738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52,2],"tags":[],"class_list":["post-18737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured"],"yoast_head":"\nFPIs pull out Rs 7,622 cr so far in April - Daily Taskeen<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailytaskeen.com\/?p=18737\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FPIs pull out Rs 7,622 cr so far in April - Daily Taskeen\" \/>\n<meta property=\"og:description\" content=\"Overseas investors withdrew a net Rs 7,622 crore from Indian markets in April so far as a surge in Covid-19 cases and the consequent restrictions imposed by various states dent investors\u2019 sentiment. According to the depositories data, overseas investors pulled out Rs 8,674 crore from equities, but invested Rs 1,052 crore in the debt segment. …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailytaskeen.com\/?p=18737\" \/>\n<meta property=\"og:site_name\" content=\"Daily Taskeen\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-26T12:17:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailytaskeen.com\/wp-content\/uploads\/2021\/04\/1200-234.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailytaskeen.com\/?p=18737\",\"url\":\"https:\/\/dailytaskeen.com\/?p=18737\",\"name\":\"FPIs pull out Rs 7,622 cr so far in April - Daily Taskeen\",\"isPartOf\":{\"@id\":\"https:\/\/dailytaskeen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailytaskeen.com\/?p=18737#primaryimage\"},\"image\":{\"@id\":\"https:\/\/dailytaskeen.com\/?p=18737#primaryimage\"},\"thumbnailUrl\":\"https:\/\/dailytaskeen.com\/wp-content\/uploads\/2021\/04\/1200-234.jpg\",\"datePublished\":\"2021-04-26T12:17:12+00:00\",\"author\":{\"@id\":\"https:\/\/dailytaskeen.com\/#\/schema\/person\/cd193618977fb40810cda61f5e8f395d\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailytaskeen.com\/?p=18737#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailytaskeen.com\/?p=18737\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailytaskeen.com\/?p=18737#primaryimage\",\"url\":\"https:\/\/dailytaskeen.com\/wp-content\/uploads\/2021\/04\/1200-234.jpg\",\"contentUrl\":\"https:\/\/dailytaskeen.com\/wp-content\/uploads\/2021\/04\/1200-234.jpg\",\"width\":1000,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailytaskeen.com\/?p=18737#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailytaskeen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FPIs pull out Rs 7,622 cr so far in April\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailytaskeen.com\/#website\",\"url\":\"https:\/\/dailytaskeen.com\/\",\"name\":\"Daily Taskeen\",\"description\":\"News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailytaskeen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailytaskeen.com\/#\/schema\/person\/cd193618977fb40810cda61f5e8f395d\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailytaskeen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/288a72da7c2f057ab8cf0a287e93ca600c3a7ec643e1e440555c7776cfa1d825?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/288a72da7c2f057ab8cf0a287e93ca600c3a7ec643e1e440555c7776cfa1d825?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"url\":\"https:\/\/dailytaskeen.com\/?author=2\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FPIs pull out Rs 7,622 cr so far in April - Daily Taskeen","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailytaskeen.com\/?p=18737","og_locale":"en_US","og_type":"article","og_title":"FPIs pull out Rs 7,622 cr so far in April - Daily Taskeen","og_description":"Overseas investors withdrew a net Rs 7,622 crore from Indian markets in April so far as a surge in Covid-19 cases and the consequent restrictions imposed by various states dent investors\u2019 sentiment. 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