FPIs sell Rs 1-L cr equities in 2022
Deccan ChronicleMumbai: Heavy outflow from the equity market continued on Tuesday despite market gains after four days of losses as foreign portfolio investors have been selling equities worth approximately $1 billion per day in March. The Sensex gained 581.34 points or 1.10 per cent to close at 53424.09 but the provisional data showed FPIs as net sellers of equities worth Rs 8,142.60 crore on Tuesday. Over Rs 1 lakh crore worth of equities have been sold by the foreign portfolio investors year-to- date in what seems to be profit booking ahead of the US Fed interest rate hike which may be announced after the scheduled March 15-16 meeting of the US Federal Reserve. As on March 8, FPIs were net sellers of equities worth Rs 99,036 crore as per NSDL data while provisional data for March 8 showed FPIs selling equities worth Rs 8,142.60 crore on Tuesday, the highest one-day figure this month.