FPIs continue sell-off in April, pull out ₹48,213 crore in 10 days
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Foreign investors have withdrawn ₹48,213 crore ($5.14 billion) from Indian equities in the first 10 days of April, continuing a trend of aggressive sell-offs due to geopolitical tensions and macroeconomic uncertainties. This follows a record outflow of ₹1.17 trillion in March. Analysts attribute the selling to risk aversion linked to escalating tensions in West Asia, rising crude oil prices, and concerns about inflation. Markets like South Korea and Taiwan are seen as more attractive for FPIs. A reversal in outflows may depend on stabilizing macro conditions and India's Q4 earnings performance.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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