Overseas investors have pulled out a total of Rs 45,608 crore from domestic markets this month so far, which could make March the sixth consecutive month of selling by FPIs.
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Foreign portfolio investors (FPIs) fear India would be hit more by commodity price hikes, particularly in crude, since India is a major importer, said V K Vijayakumar, chief investment strategist, Geojit Financial Services.
According to depositories data, FPIs pulled out Rs 41,168 crore from equities, Rs 4,431 crore from the debt segment and Rs 9 crore from hybrid instruments, taking the total net outflow between March 2-11 to Rs 45,608 crore.
This will be the sixth consecutive month of FPI outflows from Indian markets.
The selling is mainly confined to financials and IT since these segments constitute the…
