Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

FPIs continue sell-off; withdraw Rs 41,000 crore in March on Fed rate hike anticipation

PTI
Updated: April 3rd, 2022, 13:56 IST
in Business
0
PFI in Indian equity market
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: Continuing their selling spree for the sixth consecutive month, foreign investors pulled out a massive Rs 41,000 crore from the Indian equity market in March on anticipation of rate hikes by the US Federal Reserve and deteriorating geopolitical environment amid the Russia-Ukraine war.

Further, flows from foreign portfolio investors (FPIs) are expected to remain volatile in the near term given the headwinds in terms of elevated crude prices and inflation, experts said.

Also Read

Lokpal invites bids for seven high-end BMW 3 Series cars

17 hours ago
trading

Sensex, Nifty begin Samvat 2082 on firm note in special Muhurat trading

18 hours ago

According to data available with the depositories, FPIs were net sellers to the tune of Rs 41,123 crore in the equity market last month.

This was way higher than net withdrawals of Rs 35,592 crore in February and Rs 33,303 crore in January.

Foreign investors have been withdrawing money from equities since the last six months, pulling out a net Rs 1.48 lakh crore between October 2021 and March 2022.

Commenting on the latest outflow, Atanuu Agarrwal, co-founder, UpsideAI, said “the primary reason remains the changing interest rate environment and the Fed’s signal to end the stimulus.”

“There are multiple other reasons — India is expensive, crude has shot up, INR is weak, Russia-Ukraine conflict leads to flight to safety. But all things being equal, if the Fed had signalled a delay in raising rates, we may not have seen a sale of this scale,” he added.

Making similar arguments, Himanshu Srivastava, Associate Director – Manager Research, Morningstar India, said the outflows can be attributed to the anticipation of rate hike by US Fed, and deteriorating geopolitical environment with Russia and Ukraine engaging in a war.

Nikhil Kamath, co-founder, True Beacon and Zerodha, said India looks expensive on a relative basis, and FPIs could be rebalancing into China and other opportunities by reducing their India exposure.

Cyclically, this is the first time we have noticed a prolonged inverse correlation between FPI flows and Nifty, he added.

Apart from equities, the debt market saw net outflows to the tune of Rs 5,632 crore in March.

Srikant Chouhan, Head – Equity Research (Retail), Kotak Securities, said global markets have noted progress in Russia-Ukraine negotiations and are hoping for gradual normalisation.

Equity markets were strong globally, while commodities witnessed some correction from elevated levels.

“However, given the headwinds in terms of elevated crude prices, inflation, etc FPI flows are expected to remain volatile in the near term,” he added.

Apart from India, other emerging markets such as Taiwan, South Korea and the Philippines too witnessed FPI outflows in March.

Recently, the US Fed increased policy rate for the first time since 2018, by a quarter percentage point, thus finally ending its ultra-easy pandemic-era monetary policy and indicating more rate hikes this year.

The war between Russia and Ukraine too continues. Therefore, under the given fast-changing global landscape, foreign flows into Indian equities could shift either way depending on how the underlying scenario changes, Morningstar India’s Srivastava said.

PTI 

Tags: FPIStock market
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019

Archives

Editorial

Behold Gen Z

October 22, 2025

A new wave of political movements without any so-called ideological underpinning except for deafeningly noisy demands for basic citizens' needs...

Read moreDetails

Trumpian Dilemma

October 20, 2025

After showing admirable and decisive toughness in defusing the crisis in the Middle East, US President Donald Trump has been...

Read moreDetails

Empty Ambition

Rights & Restrictions: AAKAR PATEL
October 19, 2025

When was the last time you read or saw something about India and the G20? And what do you recall...

Read moreDetails

Market Power

Power of Continuity
October 18, 2025

The power corridors are abuzz again, but not over taxes or budgets this time. Eyeballs are fixed on who’ll get...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST