After two months of net buying, foreign investors again insisted on selling in September. In September, foreign investors pulled out more than Rs 7,600 crore from Indian stock markets.

With this, Foreign Portfolio Investors (FPIs) have so far withdrawn a total of Rs 1.68 lakh crore from the Indian markets in the calendar year 2022.

The volatility in FPI activities is likely to continue in the coming months as well. Apart from global factors, he has attributed this to domestic factors as well.

Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities said that amid the prevailing global inflation, the British government’s fiscal policies have had a deep impact on the global money market and equity markets have also become risk averse. On the domestic front, apart from a partial decline in GDP estimates, there are fuel concerns as well.

According to depository data, FPIs have net sold shares worth Rs 7,624 crore in September. Earlier in August, he had net purchases worth Rs 51,000 crore in the Indian market and about Rs 5,000 crore in July.

However, for nine consecutive months before that, FPIs remained net sellers in the Indian markets. From October 2021 to June 2022, FPIs only made withdrawals from the Indian markets. As far as September 2022 is concerned, FPIs started this month in a positive way. PLC/GT


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