REIT: Foreign Portfolio Investors (FPIs) have remained net sellers in the Indian markets so far in October. They have withdrawn Rs 3,825 crore from the Indian markets in October. Due to this, foreign investors had invested heavily in the debt or bond market in the last two months. He had put Rs 13,363 crore in the bond market in September and Rs 14,376.2 crore in August.
According to depository data, FPIs have so far pulled out Rs 1,494 crore from the bond market in October. Similarly, he has withdrawn Rs 2,331 crore from the shares. In this way, during October 1 to 22, they have withdrawn a net Rs 3,825 crore from the Indian markets.
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What do the experts say
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “FPIs sold shares worth Rs 5,406 crore in software companies in the first fortnight of October. However, the second quarter results of software companies have been good. So it is definitely a matter of profit booking. FPIs have bought in financial services companies.” Himanshu Srivastava, Associate Director (Managerial Research), Morningstar India said, “FPIs are standing on the edge of the market and they are following a ‘watch and wait’ policy. During this time they are reaping the profits.