FPIs offload ₹22,420 crore from Indian equities in November: 5 key factors behind sell-off
Live MintForeign portfolio investors extended their robust selling streak in Indian markets in the first fortnight of this month, amid the uptrend in the US market and US bond yields, which was fueled by Republican Donald Trump's victory in the US presidential elections and the latest US Federal Reserve's interest rate cut verdict. Why are FPIs consistently selling Indian shares: Here are 5 key factors 1.Primary market inflows According to Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, FPIs have been continuing with their massive selling of ₹1,13,858 crore in October with another ₹22,420 crore in November through 15th. Two factors in the FPI selling stands out: Firstly, FPIs continued to buy in the primary market while selling in the cash market through exchanges resulting in a net sell figure of ₹22,420 crore through 15th in November. 2.Sell-off in debt market Second, FPIs have been selling in the debt market too with the sell figure reaching ₹4,717 crore through November 15th," added Dr. V K Vijayakumar.