FPI Outflows Ebb Amid Easing Global Concerns

The Indian equity market has witnessed a moderation in FPIs' selling pressure with the outflows narrowing to ₹1,794 crore ($194 million) last week, buoyed by easing global concerns and growing optimism around a potential de-escalation in the Russia-Ukraine conflict.

- Press Trust of India

NEW DELHI:

However, despite this positive shift, it still marks the 15th consecutive week of outflows.

Going forward, Foreign Portfolio Investors (FPIs) are expected to remain cautious, awaiting greater clarity on the US Federal Reserve's interest rate trajectory, geopolitical developments, and India's domestic economic outlook, according to Himanshu Srivastava, associate director of manager research at Morningstar Investment.

According to the data with the depositories, FPIs have off-loaded equity shares worth ₹1,794 crore ($194 million) for the week ended March 21. This was in comparison to $604 million outflow observed in the holiday-shortened preceding week.