FIIs pull out `3,755 cr from stock market
Overseas investors have pulled out a massive Rs 3,755 crore from the Indian stock market since the beginning of this month, mainly on account of profit booking.
In comparison, the debt market saw huge inflow of over Rs 10,200 crore during the period.
Foreign investors were gross buyers of equities worth Rs 32,484 crore till 17 October and sellers to the tune of Rs 36,239 crore, registering a net outflow of Rs 3,755 crore ($612 million), according to the latest data. T‘We have witnessed an outflow in this month mainly due to profit booking and the market is also in a consolidation mode,’ CNI Research Head Kishor Ostwal said. Overseas investors had pumped in a little over Rs 5,100 crore in Indian equity markets in September, making it the lowest net investment since February when they had infused Rs 1,404 crore.
Since the beginning of this year, foreign investors have infused a net amount of Rs 79,682 crore into the share market, while they invested a net of Rs 1.28 lakh crore into the debt market.