FPIS PULL OUT ₹15,403 CR FROM MARKETS IN APRIL

NEW DELHI: Continuing their selling spree for the second straight month, foreign portfolio investors (FPIs) withdrew a net ₹15,403 crore from the Indian capital markets in April amid the crisis. As per the depositories data, FPIs pulled out a net sum of ₹6,884 crore from equities and a net ₹8,519 crore from the debt segment between April 1-30. The total net outflow during the month stood at ₹15,403 crore. In March, FPIs had withdrawn a record ₹1.1 lakh crore from the capital markets. “Of the inflows that are coming into India, nearly all are in the NBFC and pharma sectors,” said Harsh Jain, cofounder and COO at Groww.