Foreign portfolio investors (FPIs) have pulled out ₹88,180 crore from Indian equities during the first three weeks of March this year, as global geopolitical instability and surging oil prices weighed on market sentiment.
A hawkish stance from US Federal Reserve also contributed to the cautious outlook among investors, reports Akashvani News.
According to depository data, the aggregate net outflow of foreign capital from India’s capital markets has exceeded ₹1 lakh crore so far this month. In contrast, the debt market bucked the trend, attracting ₹187 crore in foreign investment during the same timeframe.
The recent exodus marks a sharp turnaround from February’s performance, which saw a 17-month high inflow of ₹22,615 crore into Indian shares.
Before the February rebound, FPIs had maintained a selling streak for three consecutive months. Net withdrawals amounted to ₹35,962 crore in January, ₹22,611 crore in December, and ₹3,765 crore in November of the previous year.
