FPIs turn net sellers in capital markets in Oct so far, pull out net Rs 1,472 cr

New Delhi: Foreign portfolio investors (FPI) have turned net sellers in the capital markets in October so far, reversing the trend of net investments in the previous two months, due to depreciation in the rupee and global factors, experts said. According to the depositories’ data, FPIs have pulled out Rs 1,472 crore from capital markets on a net basis in the current month so far.

A trend reversal was witnessed in the debt segment in October from the big buying in the previous two months when FPIs had invested Rs 13,363 crore in September and Rs 14,376.2 crore in August. In October so far, they pulled out Rs 1,698 crore.

“This trend reversal in debt investment is due to the INR depreciation in October,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.

In equities, FPIs invested Rs 226 crore on a net basis.

“FPIs who were sellers in banking stocks in the first half of September turned buyers in the second half. But they…

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