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FPIs pull out massive ₹94,000 cr from Indian equities in October

New Delhi 04November2024

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Millennium Post Delhi

FPIs were net sellers throughout the month, bringing their total investment for 2024 down to Rs 6,593 crore

FPIs pull out massive ₹94,000 cr from Indian equities in October

NEW DELHI: Foreign investors pulled out a massive Rs 94,000 crore (around $11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows, triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks.

Before this, foreign portfolio investors (FPIs) withdrew Rs 61,973 crore from equities in March 2020.

The latest outflow came after a nine-month high investment of Rs 57,724 crore in September 2024.

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