FPI selling moderates to ₹5,806 crore as investors seek safety of risk-free US bond yields

Foreign portfolio investors (FPIs) started November on a subdued note and continued their selling streak, having emerged as net sellers in September and October on a sharp spike in US bond yields amid ongoing geopolitical tensions in the Middle East.

FPIs are sold 5,806 crore of Indian equity and the total inflow stands at 1,525 crore as on November 10, including debt, hybrid, debt-VRR, and equity, according to National Securities Depository Ltd (NSDL) data.

FPIs have reversed the previous three-month trend of sustained buying and net sellers have emerged in September and October. Rising US bond yields have been the main reason for FPI outflows since last month, according to analysts.

MORE TO COME

Milestone Alert!Livemint tops the charts as the fastest growing news website in the world 🌏 Click here for more information.

Get all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download the Mint News App for Daily Market Updates.

Less

Updated: 11 November 2023, 05:44 PM IST

Denial of responsibility! vismuseum.org.in is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at loginhelponline@gmail.com The content will be deleted within 24 hours.

Read original article here

Leave a Comment