New Delhi: foreign investors It has adopted a cautious stance this month, selling domestic equities worth Rs 13,000 crore in the first three weeks due to high valuations of Indian stocks and rising US bond yields.
In contrast, foreign investors are bullish on the debt market and pumped in Rs 15,647 crore into the debt market during the period under review, depository data showed. According to the data, foreign portfolio investors (FPIs) made a net withdrawal of Rs 13,047. Crore in Indian equities this month (till January 19). They pulled out over Rs 24,000 crore from equities during January 17-19. Earlier in December, FPI had made a net investment of Rs 66,134 crore.
“US bond yields rose from the 10-year yield’s recent level of 3.9% to 4.2%, triggering capital outflows.” VK VijayakumarChief Investment Strategist Geojit Financial Services“Additionally, since valuations in India are high, FPIs also used HDFC Bank’s below-expected results as an excuse for massive selling,” it said.
In contrast, foreign investors are bullish on the debt market and pumped in Rs 15,647 crore into the debt market during the period under review, depository data showed. According to the data, foreign portfolio investors (FPIs) made a net withdrawal of Rs 13,047. Crore in Indian equities this month (till January 19). They pulled out over Rs 24,000 crore from equities during January 17-19. Earlier in December, FPI had made a net investment of Rs 66,134 crore.
“US bond yields rose from the 10-year yield’s recent level of 3.9% to 4.2%, triggering capital outflows.” VK VijayakumarChief Investment Strategist Geojit Financial Services“Additionally, since valuations in India are high, FPIs also used HDFC Bank’s below-expected results as an excuse for massive selling,” it said.
