New Delhi: Withdrawal from Indian capital markets by foreign portfolio investors (FPIs) continued for the second consecutive month in April. FPIs netted Rs 15,403 crore from Indian capital markets in April amid the Corona virus crisis.
According to the depository data, during April 1 to 30, FPIs pulled out Rs 6,884 crore net from the shares. At the same time, he made a net withdrawal of Rs 8,519 crore from the bond or loan market. In this way, he pulled out Rs 15,403 crore from the Indian capital markets.
In March, FPIs made a record Rs 1.1 lakh crore withdrawal from the Indian capital markets. Harsh Jain, co-founder and chief operating officer (COO) of GRO, said that the inflows in India are mainly in non-banking financial companies (NBFCs) and pharma sectors. Jain said the withdrawal from Indian capital markets is continuing due to uncertainty about economic conditions. Investors are being cautious. They are giving priority to keeping their funds in US dollars.
