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
LIVE TV DownloadNews18 App
»
1-min read

FPIs Pull Out Nearly Rs 400-Crore in Just 5 Sessions on Global Cues

This comes following a net inflow of over Rs 6,900 crore in the equity market by Foreign Portfolio Investors (FPIs) on easing crude oil prices and a strengthening rupee.

PTI

Updated:December 9, 2018, 11:16 AM IST
facebookTwitterskypewhatsapp
FPIs Pull Out Nearly Rs 400-Crore in Just 5 Sessions on Global Cues
Representative image of Sensex.
Loading...

New Delhi: Foreign investors have pulled put close to Rs 400 crore from the Indian stock market in the last five trading sessions amid weakness in global equities due to the arrest of a high-profile Chinese executive.

This comes following a net inflow of over Rs 6,900 crore in the equity market by Foreign Portfolio Investors (FPIs) on easing crude oil prices and a strengthening rupee.

According to depositories, FPIs withdrew a net amount of Rs 383 crore from equities from December 3-7.

However, they put in Rs 2,744 crore in the debt markets during the period under review.

After making a spirited comeback in November, FPIs have once again turned net sellers in the Indian equity markets in the month of December.

"In fact, the sell-off was triggered on Thursday December 6, when FPIs sold net assets worth Rs 361 crore in a single day. This could be largely attributed to the weakness in the global markets due to the arrest of a high-profile Chinese executive which led to a sharp fall in the stock markets globally," said Himanshu Srivastava, Senior Analyst Manager Research, Morningstar Investment Adviser India.

"Investors fear that the relationship between the world's two biggest economies — US and China — could deteriorate following the arrest and hurt economic growth. Consequently, they chose to adopt a cautious stance and shun risky assets, such as their investments in emerging markets like India, which are more susceptible to weak global cues," he added.

The sell-off by FPIs was triggered after Chinese telecom giant Huawei's CFO Meng Wanzhou, who is also the company founder's daughter, was arrested in Canada for extradition to the US for suspected Iran sanctions violations.

FPIs have pulled out over Rs 85,600 crore from the capital markets so far this year. This includes more than Rs 35,600 crore from equities and Rs 50,000 crore from the debt market.

| Edited by: Nitya Thirumalai
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 87.80 5.47
Reliance 1,261.40 0.99
Bajaj Finance 3,203.65 -3.59
Interglobe Avi 1,522.90 4.10
HDFC Bank 2,288.95 -3.65
Company Price Change %Gain
Yes Bank 87.95 5.65
Interglobe Avi 1,522.40 4.04
Reliance 1,260.80 0.94
Bajaj Finance 3,204.10 -3.55
Bajaj Finserv 7,092.65 -6.14
Top Gainers
Company Price Change %Gain
Yes Bank 87.80 5.47
Vedanta 167.65 3.97
Sun Pharma 431.60 2.43
Zee Entertain 361.30 2.37
Hindalco 199.55 1.81
Company Price Change %Gain
Yes Bank 87.95 5.65
Vedanta 166.85 3.60
Sun Pharma 431.30 2.31
Maruti Suzuki 5,863.00 1.63
Asian Paints 1,390.00 1.61
Top Losers
Company Price Change %Gain
Bajaj Finserv 7,096.95 -6.20
HDFC 2,190.35 -4.91
HDFC Bank 2,288.95 -3.65
Bajaj Finance 3,203.65 -3.59
Eicher Motors 17,160.05 -2.85
Company Price Change %Gain
HDFC 2,191.65 -4.87
HDFC Bank 2,289.00 -3.66
Bajaj Finance 3,272.90 -1.48
Kotak Mahindra 1,460.40 -2.63
HUL 1,686.95 -2.19

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results