FPIs withdraw ₹4,285 crore in 3 trading sessions amid high valuations, global headwinds
Live MintIn the first three trading days of the month, foreign investors withdrew ₹4,285 crore from Indian equities, primarily due to concerns surrounding the upcoming third-quarter earnings season and the high valuations of domestic stocks. The dollar index at around 109 and the 10-year bond yield above 4.5 per cent are significant deterrents to FPI flows," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. Based on the data, Foreign Portfolio Investors sold shares worth ₹4,285 crore in Indian equities during the first three trading days of the month. The overall trend indicates a cautious approach by foreign investors, who scaled back investments in Indian equities significantly in 2024, with net inflows of just ₹427 crore.