InvestorQ : How has the FII selling been in the month April? Is it as bad as the selling that we saw in March by the FIIs in Indian markets?
Mitali Bhutta made post

How has the FII selling been in the month April? Is it as bad as the selling that we saw in March by the FIIs in Indian markets?

Answer
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Dawn Cherian answered.
5 months ago


The selling was still there in the first 2 weeks of April but it was nowhere as close to the peak levels scaled in the month of March. In fact, after selling nearly Rs.124,000 crore in equity and debt in the month of March, the selling April is at a much lower level. In the first 10 days of April, FPIs pulled out Rs.9103 crore from Indian markets. This included net sales of Rs.2951 crore in equities and Rs.6152 crore in debt. The COVID-19 pandemic and the consequent lockdown across the world had led to a risk-off tilt by the foreign portfolio investors and this visible across all the emerging markets in Asia. However, the second week of April saw equity market inflows to the tune of Rs.4422 crore. On the debt side, the selling is largely driven by the weaker rupee vis-à-vis the dollar. Even the debt selling should abate once the RBI shows signals of intervention to protect the rupee.