FPIs offload ₹19,994 crore from Indian equities on US market uptrend: What should retail investors do?
Live MintFPIs extended their robust selling streak in the Indian stock market after the sell-off hit a record high in October amid ongoing geopolitical tensions and cheaper valuations in the Chinese stock market. According to the National Securities Depository Ltd data, FPIs offloaded ₹19,994 crore worth of Indian equities, and the net outflow stood at ₹16,477 crore as of November 8, taking into account debt, hybrid, debt-VRR, and equities. FPI trend in Indian markets The record sell-off by FPIs in October came after an aggressive buying streak recorded in September when FPI inflows were the most year-to-date, hitting a nine-month high after the supersized 50 bps interest rate cut by the Jerome Powell-led US Federal Reserve. Amid sustained selling by FPIs in the Indian stock markets, Sriram Krishnan, Chief Business Officer of the National Stock Exchange, expressed confidence in the resilience of India's growth story.