FIIs pull out Rs 3,755 crore from Indian equities
20/10/2014 12:57
Foreign investors are cutting exposure to Indian equities as concerns over a global economic slowdown amid fresh fears of a recession in Europe and uncertainty over the US economic outlook dim the lure for risky assets.
Overseas investors have withdrawn Rs 3,755 crore from Indian equities in October amid profit booking due to a global sell-off in equities against the backdrop of heightened uncertainty over the global economic outlook.
However, overseas investors pumped in more than Rs 10,200 crore in the country’s debt market so far this month.
Gross equities bought by foreign institutional investors (FIIs) till October 17, 2014 stood at Rs 32,484 crore while gross equities sold were Rs 36,239 crore, resulting in net outflows worth Rs 3,755 crore.
The outflow in equities so far in October comes after foreign investments in the country’s stock market tumbled to a seven -month low in September, a sign that foreign investors are playing it safe amid caution due to global economic uncertainties, after pouring in massive funds earlier this year.
Net investment made by foreign investors in the country’s equity market so far this year stands at Rs 79,682 crore while they have net invested a whopping Rs 1.28 lakh crore in India’s debt market.
20/10/2014 12:57
Foreign investors are cutting exposure to Indian equities as concerns over a global economic slowdown amid fresh fears of a recession in Europe and uncertainty over the US economic outlook dim the lure for risky assets.
Overseas investors have withdrawn Rs 3,755 crore from Indian equities in October amid profit booking due to a global sell-off in equities against the backdrop of heightened uncertainty over the global economic outlook.
However, overseas investors pumped in more than Rs 10,200 crore in the country’s debt market so far this month.
Gross equities bought by foreign institutional investors (FIIs) till October 17, 2014 stood at Rs 32,484 crore while gross equities sold were Rs 36,239 crore, resulting in net outflows worth Rs 3,755 crore.
The outflow in equities so far in October comes after foreign investments in the country’s stock market tumbled to a seven -month low in September, a sign that foreign investors are playing it safe amid caution due to global economic uncertainties, after pouring in massive funds earlier this year.
Net investment made by foreign investors in the country’s equity market so far this year stands at Rs 79,682 crore while they have net invested a whopping Rs 1.28 lakh crore in India’s debt market.
