FPI pulling money: Foreign investors can withdraw $ 3-4 billion from the Indian stock market in the short term, due to which the market correction will occur.
Only in the month of April, Foreign Portfolio Investors (FPIs) have withdrawn more than 10 thousand crores rupees from the Indian stock market. Brokerage firm UBS says that foreign investors can withdraw $ 3-4 billion (about 22-25 thousand crore rupees) from the Indian stock market in the short term. Its effect will definitely be seen on the stock market. In such a situation, investors need to be cautious.
Among Asian stock markets, the Indian market has performed the third strongest in the last 12 months. The Indian Sensex has given a spectacular return of around 60 per cent during this period. But the way Corona cases are increasing, keeping in mind that the corrections are being made in it. According to the report, FPIs will withdraw a total of $ 5 billion in the next few months. FPI has been a major contributor to the boom in the Indian market.
FPIs have been buying continuously since October and have been spending money in the market till March. In these six months, FPI has invested more than 2.10 lakh crores in Indian markets. Ever since the FPI started pouring money, the stock market has been hitting the boom. On 30 September 2020, the Sensex closed at the level of 38067. After that, as the FPI started coming, it started gaining momentum and it had reached the level of 52500 (the all time high of 52516 on 16 February). Since then it has declined and the market is going up and down.
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