FPIs Pull Out Massive Rs 22,000 Cr From Equities Amid Election Uncertainty

Foreign portfolio investors (FPIs) have turned aggressive sellers in Indian markets ever since reducing their buying momentum with the onset of the new fiscal 2024-25.

  

Foreign investors pulled out a massive 22,000 crore rupees from Indian equities so far in May amid uncertainty surrounding the outcome of the Lok Sabha elections and out-performance of



Chinese markets.

The number comes after a net outflow of over 8,700 crore rupees in the entire April on concerns over a tweak in India’s tax treaty with Mauritius, and a sustained rise in US bond yields. Before that, FPIs made a net investment of 35,098 crore rupees in March and 1,539 crore rupees in February.