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FPIs withdraw Rs 27,142 cr in 3 trading sessions on geopolitical tensions
Update / Judgement Date
06 Oct 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Foreign Portfolio Investors (FPIs) withdrew over INR 27,000 crores from Indian equities in just three trading sessions due to escalating geopolitical tensions. The significant outflow reflects concerns over global stability, particularly regarding the ongoing conflict in the Middle East and rising U.S. bond yields. Market analysts predict that the sell-off may continue if uncertainties persist, putting additional pressure on Indian stock markets. The sharp withdrawals have affected market sentiment, leading to volatility and corrections.