FPIs pull out massive Rs 17,537 crore from Indian markets
Zee News
This took the total net outflow to Rs 17,537 crore.
New Delhi: Foreign portfolio investors (FPIs) pulled out as much as Rs 17,537 crore from the Indian markets in just three trading sessions of March as investors' sentiment got dented by the uncertainty triggered by the Russia-Ukraine conflict and rising crude oil prices.
As per depositories data, they pulled out Rs 14,721 crore from equities, Rs 2,808 crore from debt segment and Rs 9 crore from hybrid instruments between March 2-4.
This took the total net outflow to Rs 17,537 crore.
"The market sentiments have been impacted globally by the uncertainty triggered by the war and the surge in crude," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Besides, they were sellers in the debt segment as well, amidst a depreciating rupee.
