President Trump impact: FIIs outflow highest in 15 months
In October this year, FIIs withdrew Rs 4306 crore in equity and Rs 6000 crore in Indian debt market.
The foreign investors outflow from the equity jumped to Rs 20.4 billion on Thursday, as shown by NSDL data. The total purchases made via equity including stock exchange and primary and other markets were Rs 51.75 billion. The gross sales were Rs 72.20 billion.
According to a Bloomberg report, the withdrawal was highest since August 2015. As per NSDL data, Rs 6.04 billion of Indian bonds were bought today.
This outflow has come in a day after the US elected Donald Trump as 45th President. Last week, Foreign institutional investors (FIIs) had dumped over Rs 12,200 crore worth of holdings in the Indian stock markets over the past two weeks.
In October this year, FIIs withdrew Rs 4306 crore in equity and Rs 6000 crore in Indian debt market.
FIIs investment in the year 2015-16 stood at negative Rs 18,176 crore, while in 2014-15 it was positive at Rs 2,77,461 crore, highest in over two decades.
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