Foreign Investors Withdraw Rs 85,790 Crore This October: Month-by-Month Data Revealed

New Delhi: Foreign Portfolio Investors (FPIs) have significantly reduced their investments in Indian equities, selling off Rs 85,790 crore in October alone. This large sell-off has wiped out a considerable part of the overall inflows for 2024. As a result, the total investments from FPIs now stand at Rs 14,820 crore, a sharp decline from Rs 1,00,245 crore at the end of September.

FPIs: Month-Wise Sell or Buy DataIn September, FPIs had a much more positive outlook, purchasing Rs 57,724 crore worth of domestic equities. In August, they bought Rs 7,322 crore in shares, but this was down from July, when they purchased Rs 32,359 crore. Earlier in June, FPIs were net buyers at Rs 26,565 crore, having previously sold equities in April and May, amounting to Rs 8,671 crore and Rs 25,586 crore, respectively.FPIs showed some optimism earlier this year, being net buyers in February and March at Rs 1,539 crore and Rs 35,098 crore, respectively. However, they started 2024 on a negative note, offloading ₹25,744 crore in January.

FPIs Selling On FridayOn Friday, FPIs were net sellers again, offloading Rs 3,036.75 crore, while Domestic Institutional Investors (DIIs) bought equities worth Rs 4,159.29 crore. Stock Market On FridayThe continuous selling of FPIs has hit hard the Indian stock market lately. On Friday, the Nifty finished the day with the weekly drop of approx. 2.7 per cent. On the last trading day of the week, the Nifty 50 declined by 218.6 points or 0.9 per cent to close at 24,180.8.( Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)