FPIs have withdrawn Rs 325 crore from Indian stock markets so far in April.
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ANI
VK Vijayakumar, chief investment strategist at Geojit Financial Services, said the 10-year bond yield in the US has risen to 4.4 per cent, which will impact FPI investments in India in the near term. He said despite high US bond yields, FPI selling will remain limited as the Indian stock market is bullish and is continuously setting new records.
New Delhi. Foreign portfolio investors (FPIs) have turned cautious amid high valuations in stock markets and the general elections, and pulled out Rs 325 crore from the market in the first week of this month. According to depository data, FPIs made a net withdrawal after investing Rs 35,000 crore in March and Rs 1,539 crore in February.
VK Vijayakumar, chief investment strategist at Geojit Financial Services, said the 10-year bond yield in the US has risen to 4.4 per cent, which will impact FPI investments in India in the near term. He said despite high US bond yields, FPI selling will remain limited as the Indian stock market is bullish and is continuously setting new records. Krishna Appala, senior research analyst at CapitalMind, said FPIs may return after the general elections or if there are initial signs of interest rate cuts from the US Federal Reserve.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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