Investors from other countries are taking their money out of the Indian stock markets. After all, what’s the point? In this piece of news, we will tell you that Foreign Portfolio Investors have taken out about Rs 6,000 crore from the Indian markets so far in the month of October.
what’s the point?
Let us tell you that the US dollar is getting stronger against the rupee. Which is making this evacuation stronger. Also, so far in the year 2022, Foreign Institutional Investors (FPIs) have taken out a total of Rs 1.75 lakh crore.
Help from investors in the country
So far in October, FPIs have taken out Rs 5,992 crore from the Indian market, according to data from the depository. In the last few days, less money has been taken out of their account.
Even though FPIs sold, domestic institutional investors and individual investors kept buying, which helped keep the stock markets strong.
best shares to sell
About Rs. 7,600 crore was taken out of the Indian markets by FPIs in September. The fall of the rupee against the dollar and the US Federal Reserve‘s firm stance led FPIs to sell.
FPIs have mostly sold in the finance, fast-moving consumer goods (FMCG), and information technology (IT) sectors. In October, foreign investors pulled Rs 1,950 crore out of the debt market as well as the stock market.
The market value of these companies has gone up.
Let us tell you that the market value of 8 of the top 10 companies on the Sensex has gone up by Rs 2,03,335,28 crore. Most of the money has gone to Reliance Industries. The market capitalization of Reliance has gone up by Rs 68,296.41 crore to Rs 16,72,365.60 crore. Along with SBI (Rs 30,120.57 crore) and ICICI Bank (Rs 25,946.89 crore), they are ranked.