Banks crisis push FPIs to sell this week, inflow dips to ₹11,495 cr in stocks
Live MintForeign portfolio investors inflows in the Indian market which were driven by Adani Group's block deal in the initial stages of March have been offset by foreign banks' contagion fears. As per NSDL data, FPIs inflow stood at ₹11,495 crore in the Indian equities so far in the current month, till March 18. In the previous week that ended on March 10th, FPIs inflow stood at ₹13,540 crore, NSDL data. Domestic equities started the week that ended on March 17 in red due to banks' contagion fear after the collapse of Silicon Valley Bank and Signature Bank but eased in the last two trading sessions as some liquidity lifeline was given to lenders like Credit Suisse and First Republic Bank which calmed the panic selling. Talking about FPIs' performance, Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "FPIs have invested a total amount of ₹11344 crores till 18th March.