FPI withdrew Rs 5,689 crore from Indian stock markets in July, know what is the reason

FPI withdrew Rs 5,689 crore from Indian stock markets in July, know what is the reason

According to depository data, FPIs withdrew Rs 5,689.23 crore from equities between July 1 and 23. During this, he put Rs 3,190.76 crore in the debt or bond market.

stock market

Foreign portfolio investors (FPIs) have pulled out Rs 5,689 crore from the Indian stock markets so far in July. Due to various domestic and global factors, FPIs have taken a cautious approach. According to depository data, FPIs withdrew Rs 5,689.23 crore from equities between July 1 and 23. During this, he put Rs 3,190.76 crore in the debt or bond market. In this way his net withdrawal stood at Rs 2,498.47 crore.

Morningstar India Associate Director-Manager Research Himanshu Srivastava said, “Increasing valuations, buoyant crude oil prices and the strengthening of the US dollar are preventing foreign investors from taking risks in the near future.

Because of this, foreign investors are being cautious in investing

Harsh Jain, Co-Founder and Chief Operating Officer (COO) of Grow said that Sensex and Nifty are currently at all-time high, due to which foreign investors are being cautious in investing. At the same time, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “FPIs have consistently sold in the cash market in the last six trading sessions.

Market cap of 6 companies out of top 10 decreased by 76,640.54 crore

The market cap of six of the top 10 Sensex companies collectively declined by Rs 76,640.54 crore last week. HDFC Bank was the biggest loser. Last week, the BSE 30-share Sensex lost 164.26 points or 0.30 per cent. Among the top 10 companies, Reliance Industries, HDFC Bank, Hindustan Unilever Ltd., HDFC, State Bank of India and Kotak Mahindra Bank declined in market valuation.

These companies benefit

Contrary to this trend, the market valuation of Infosys rose by Rs 15,055.86 crore to Rs 6,77,343.70 crore. The market position of ICICI Bank rose by Rs 11,370.14 crore to Rs 4,68,639.08 crore and that of Tata Consultancy Services (TCS) to Rs 11,88,153.80 crore with a profit of Rs 6,436.35 crore. The market valuation of Bajaj Finance rose by Rs 3,190 crore to Rs 3,73,000.18 crore.

List of top 10 companies

In the list of top 10 companies, Reliance Industries remained at the first position. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC, SBI, Bajaj Finance and Kotak Mahindra Bank respectively.

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