Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Associate PartnerAssociate Partner
..
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

FPI Outflow Hits 18-month High at Rs 29,714 Crore in May

According to the latest depository data, foreign portfolio investors (FPIs) withdrew a net sum of Rs 10,060 crore from equities and another Rs 19,654 crore from the debt market in May, taking the total to Rs 29,714 crore (USD 4.4 billion).

PTI

Updated:June 3, 2018, 11:40 AM IST
facebookTwitterskypewhatsapp
FPI Outflow Hits 18-month High at Rs 29,714 Crore in May
Representative Image. (Image: Reuters)

New Delhi: Foreign investors pulled out a massive Rs 29,714 crore from the capital markets in May, making it the biggest outflow in 18 months, primarily due to a surge in global crude prices.

This comes following an outflow of Rs 15,561 crore from the capital markets (equity and debt) in April. Prior to that, foreign investors had pumped in Rs 2,662 crore in March.

According to the latest depository data, foreign portfolio investors (FPIs) withdrew a net sum of Rs 10,060 crore from equities and another Rs 19,654 crore from the debt market in May, taking the total to Rs 29,714 crore (USD 4.4 billion).

This is the steepest outflow from the capital market since November 2016, when FPIs had pulled out Rs 39,396 crore.

Harsh Jain, chief operating officer at Groww, an investment platform, attributed the outflow mainly to rise in cost of crude oil prices. This would impact all the oil importing economies, including India, and adversely affect its current account deficit, fiscal deficit, imported inflation and create headwinds for economic growth.

Besides, investors were cautious about US President Donald Trump's meeting with North Korean leader Kim Jong Un. The US has also threatened to impose tariffs on auto imports.

Also, FPIs had begun profit booking before the Karnataka elections, which was a crucial indicator for the 2019 big elections results, he added.

"Another discomfort among the FPI (Category III) was Sebi's requirement for additional documents from the key people in such a fund. Their concern is around the privacy and data theft," Jain noted.

So far this year, FPIs have pulled out over Rs 2,100 crore from equities and withdrew more than Rs 30,000 crore from the debt market.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Huma Tabassum
Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Infosys 650.60 1.10
Yes Bank 51.20 -1.16
RBL Bank 259.15 -9.69
Reliance 1,392.40 -1.54
Axis Bank 714.85 0.29
Company Price Change %Gain
Infosys 650.75 1.16
Yes Bank 51.25 -1.06
IRCTC 900.40 6.52
RBL Bank 259.25 -9.64
Indiabulls Hsg 206.20 -5.50
Top Gainers
Company Price Change %Gain
HCL Tech 1,095.15 2.88
Eicher Motors 20,521.20 2.71
Maruti Suzuki 7,440.25 2.54
SBI 275.45 1.83
Titan Company 1,348.65 1.44
Company Price Change %Gain
HCL Tech 1,095.65 2.93
Maruti Suzuki 7,439.50 2.55
SBI 275.50 1.87
HDFC 2,144.50 1.35
Bajaj Auto 3,161.35 1.22
Top Losers
Company Price Change %Gain
Adani Ports 396.10 -5.86
Bharti Airtel 360.35 -3.68
Zee Entertain 242.10 -3.33
Vedanta 146.25 -1.94
Grasim 743.15 -1.71
Company Price Change %Gain
Bharti Airtel 360.75 -3.59
Vedanta 146.10 -1.95
ONGC 141.95 -1.53
Reliance 1,392.85 -1.51
Kotak Mahindra 1,607.50 -1.31

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results