2 years, 2 months ago

FPIs are net sellers in 1st week of 2023, pulls out ₹5,872 cr from equities

Foreign portfolio investors turned into net sellers in the first week of 2023 due to intense bearish sentiment amidst FOMC minutes, economic data, and a sharp selloff in IT stocks. In the week that ended January 6th, FPIs outflow from Indian equities stood at ₹5,872 crore. As per NSE data, between January 2-6, FPIs pulled out ₹5,872 crore from equities, while they sold ₹1,240 crore from debt, ₹760 crore from debt-VRR, and ₹36 crore in the hybrid market. FPIs ended the year 2022 with an outflow of ₹1,21,439 crore in the equities due to macroeconomic uncertainties, rising interest rates trend, and geopolitical tension.

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