FPIs pull out Rs 34,843 cr from equities in Oct; turn net buyers last week

Foreign portfolio investors withdrew a significant amount of money, Rs 34,843 crore, from Indian equities in October. This withdrawal is a concern for the Indian market as it indicates rising economic fears among global investors. The outflows are a continuation of a trend that started in September, after a brief period of investment in July and August. However, the situation took a turn for the better last week, as foreign investors became net buyers, injecting approximately Rs 6,300 crore into the market.

Why it matters

Foreign portfolio investors withdrew Rs 34,843 crore from Indian equities in October, but turned net buyers last week. This change in sentiment may boost the market.

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