ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

FPI bearish stance continues; net outflow at Rs 19,500 crore

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
FPI bearish stance continues; net outflow at Rs 19,500 crore
The FPI outflows took place following a withdrawal of over Rs 49,700 crore on net basis from the capital market (equity and debt) in last two months (October-November). Image Source: Reuters

Foreign investors have pulled out more than Rs 19,500 crore from the capital market this month so far amid rate hike by the US Federal Reserve and higher oil prices.

Net withdrawal by foreign portfolio investors (FPIs) from equities stood at Rs 1,142 crore this month, while the same from the debt market was Rs 18,452 crore, translating into a total outflow of Rs 19,594 crore, depositories' data showed.

The FPI outflows took place following a withdrawal of over Rs 49,700 crore on net basis from the capital market (equity and debt) in last two months (October-November).

Prior to that, FPIs had poured in Rs 46,000 crore in the capital markets in preceding three months (July-September).

Market experts said that surge in oil prices globally following a landmark deal by Russia and other non-OPEC producers to join the Organisation of Petroleum Exporting Countries' (OPEC) decision to reduce output has impacted investors' sentiment.

ALSO READ: FPIs take out Rs 3,200 crore from stocks in Nov on Trump jitters

Sentiment soured after the US Federal Reserve raised interest rate by 25 basis points on Thursday.

"The Fed rate hike was in the ballpark, but the outlook is hawkish with three hikes in 2017 against previous estimate of two, which has put pressure," said Vinod Nair, Head of Research, Geojit BNP Paribas Financial Services.

The pullout by FPIs started in October 2016 following uncertainty over US election results, and the similar trend was observed in other emerging markets.

"This was further aggravated in November and continued in December due to several factors -- uncertainty over US ties with the emerging markets post Trump victory, the near-term impact on corporate earnings, and economic growth from demonetisation in the near term and impact of GST on firms' cash flows," FundsIndia.Com Head of Mutual Fund Research Vidya Bala said.

"In the debt market, FPIs have been net sellers in seven out of 11 months thus far. The rally in the Indian government securities and the decreasing spread between the US interest rates and India could be a reason; FPIs book profits in the gilt rally in India," she added.

This year, so far, FPIs have invested a net sum of Rs 27,600 crore in stocks, while they pulled out Rs 43,162 crore from the debt market, resulting in a combined net inflow of Rs 15,561 crore. 

ALSO READ: US Federal Reserve raises key interest rate, sees three hikes in 2017 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
FPIEconomyUS Federal Reserverate hikeUS Interest RateFPI outflowRussiaOPECoil prices
Written By: PTI
Updated: Sun, Dec 18, 2016
11:59 am
New Delhi , PTI
RELATED NEWS
FPIs take out Rs 3,200 crore from stocks in Nov on Trump jitters FPIs take out Rs 3,200 crore from stocks in Nov on Trump jitters
FPIs pull out Rs 7,500 crore from capital markets FPIs pull out Rs 7,500 crore from capital markets
Oil prices edge up as Kuwait cuts supplies by more than expected Oil prices edge up as Kuwait cuts supplies by more than expected
US Federal Reserve raises key interest rate, sees three hikes in 2017 US Federal Reserve raises key interest rate, sees three hikes in 2017
Richmond Fed's Jeffrey Lacker says more than three rate hikes likely needed in 2017 Richmond Fed's Jeffrey Lacker says more than three rate hikes likely needed in 2017

LATEST NEWS

Tesla gets Justice Department subpoena for self-driving cars

Budget 2023 Speech Live Streaming: How to watch FM Sitharaman speech free online on YouTube and Mobile App

Traders' Diary on Budget day: Buy, sell or hold strategy on IndiGo, Coal India, Ashok Leyland, M&M, Dabur, 15 other stocks

India vs New Zealand 3rd T20 Live Streaming: Where and when to watch?

Budget Bonanza on Zee Business: Check winners name and how to participate

Budget 2023: FY24 fiscal deficit target at 5.9%, says FM Nirmala Sitharaman

Inception meeting of Startup20 concludes in Hyderabad

Budget 2023: Massive hike in Senior Citizen Savings Scheme, Post Office Monthly Income Scheme; Govt doubles deposit limit | Details

Sanjiv Bhasin stocks, strategy on Zee Business: BUY Bank of Baroda, IDFC First Bank, Concor, Ultra Tech, SBI | Check price targets

Budget Stocks 2023 on Zee Business with Anil Singhvi: Buy IRB Infra, L&T, MSTC, Apollo Tyres - check price target

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV