If you are in this market then you saw the fall in Sensex from the last two weeks. Even in only two days of last week, Sensex break by 1800 points.
But there is a reason behind this that most of us do not know, let’s see
FPI investment in India: Foreign portfolio investors (FPIs) have withdrawn Rs 8,879 crore from the Indian markets so far in December.
According to depository data, during December 1–10, FPIs pulled out Rs 7,462 crore from equities, Rs 1,272 crore from debt or bond market, and Rs 145 crore from hybrid products.
In this way, his net withdrawal has been Rs 8,879 crore. Due to such a huge withdrawal, there was a huge fall in the stock market last week. Share market around 1800 points in two days.
Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities said inflation is likely to rise and the US Federal Reserve is likely to tighten the monetary stance.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said FPIs continue to sell in banking stocks.
They have the largest share in the shares of banks. Apart from this, they are also selling information technology stocks.
