FPI: Foreign portfolio investors (FPIs) have so far withdrawn Rs 8,879 crore from the Indian markets in December. According to depository data, during December 1 to 10, FPIs have withdrawn Rs 7,462 crore from equities, Rs 1,272 crore from debt segment and Rs 145 crore from hybrid instruments. In this way his net withdrawal has been Rs 8,879 crore. In November, FPIs pulled out Rs 2,521 crore from the Indian markets.
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What do experts say
Himanshu Srivastava, Associate Director and Manager Research, Morningstar India, said that there remains concern about the new variant of the rapidly spreading corona virus, Omicron. This has affected global growth. This variant of COVID-19 can affect. Because of this, investors are already risk averse, he said.
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Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities said inflation is likely to rise and the US Federal Reserve is likely to tighten the monetary stance. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said that FPIs are continuously selling in banking stocks. They have the largest share in the shares of banks. Apart from this, they are also selling information technology stocks.
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