After a brief pause in October, foreign investors resumed selling, pulling out a net Rs 3,765 crore from Indian equities in November, driven by global risk-off sentiment, volatility in global tech stocks and selective preference for primary markets over secondary markets.
This dip in November came right after a net inflow of Rs 14,610 crore in October, an uptick that had broken a three-month streak of withdrawals — Rs 23,885 crore in September, Rs 34,990 crore in August, and Rs 17,700 crore in July, according to depository data.
The flow trend through November was shaped by a combination of global and domestic factors.
On the global front, uncertainty around the US Federal Reserve’s rate-cut trajectory, a firm US dollar, and weak risk appetite across emerging markets kept foreign investors cautious. Persistent geopolitical tensions and volatile crude prices further reinforced the risk-off tone, said Himanshu Srivastava, Principal, Manager Research, Morningstar Investment Research .
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FPIs resume selling in Nov, pull out ₹3,765 crore from equities market
