Mumbai: Foreign portfolio investors (FPIs) turned net sellers in Indian markets amid the ongoing geopolitical tensions. FPIs offloaded Rs 27,142 crore worth of Indian equities, and the net outflow stood at Rs 23,101 crore as of October 4, taking into account debt, hybrid, debt-VRR, and equities. Data released by the National Securities Depository Ltd (NSDL) revealed this.
In September FPI inflows were the highest year-to-date (YTD) and hit a nine-month high. They were consistent buyers in June and July after election-related jitters faded and stability returned to Indian markets.
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This month, the total investment in debt markets is Rs 190 crore. A substantial portion of this selling occurred on Thursday alone, amounting to Rs 15,243 crore. This is the largest daily outflow by foreign investors in the last four years.
Foreign institutional investors (FII) or Foreign portfolio investors (FPI) are those who invest in the financial assets of a country while not being part of it. On the other hand, Domestic Institutional Investors (DII) are those who invest in the country they are living in. Both types of investors can impact the economy’s net investment flows.
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