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FPIs withdrew Rs 2,249 crore from Indian equities in July so far

Foreign portfolio investors (FPIs) have been net sellers in the Indian equities segment in July so far. They have withdrawn a net investment of Rs 2,249 crore from equities in July, showing data on the NSDL site.

An analyst said concerns over the delta variant of Kovid-19 and rising oil prices have affected investor sentiments.
Kotak Securities Executive Vice President (Equity Technical Research) Shrikant Chauhan said, FPIs have been net sellers in Indian equities till July 2021. All major emerging markets and Asian markets have witnessed FPI outflows so far this month.

“We expect FPI inflows into India to remain sensitive to US Fed monetary policy and rising crude oil prices,” he said. Going forward, the markets will watch inflation, oil prices, bond yields and the spread of the COVID delta variant.

With net outflows so far this month, the net FPI investment in 2021 stands at Rs 58,095 crore. Net investment in equity segment stood at Rs 17,215 crore in June.