NEW DELHI, Nov 2 (PTI): Overseas investors have pulled out nearly Rs 12 billion from the Indian stock market in October, making it the first monthly withdrawal in 14-months, mainly on account of profit-booking.
In comparison, the debt market saw huge inflow of around Rs 180 billion during the period.
Foreign investors were gross buyers of equities worth Rs 693.17 billion last month and sellers to the tune of Rs 704.88 billion, registering a net outflow of Rs 11.71 billion ($190 million), according to the latest data.
The was also the first instance of monthly withdrawal by overseas investors (foreign institutional investors or foreign portfolio investors) since August last year, when they had pulled out Rs 59.23 billion.
The latest outflow comes after overseas investments in the stock market hit seven months low in September.
"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.
He further said that the long-term prospects of staying invested in India are still positive.
Since the beginning of this year, overseas investors have infused a net amount of Rs 822.66 billion ($13.7 billion) into the equities, while they invested a net of Rs 1.36 trillion into the debt market ($22.5 billion) taking the total to Rs 2.18 trillion ($36 billion).
FPIs pull out Rs 12b from equities in Oct
FE Team | Published: November 03, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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