FPIs Trigger Market Volatility with Record Sell-Off
Mumbai– Foreign Profile Capitalists (FPIs) executed a historical sell-off in March, withdrawing about 1 18 lakh crore from Indian stock markets, bring about enhanced market volatility.
- Discharge: 1 18 lakh crore (USD 12 7 billion) taken out in March.
- Depreciation: Rupee compromised, briefly breaching 95 against the USD.
- Market Effect: Sensex and Nifty fell around 14 – 16 %.
- DII Assistance: Domestic Institutional Capitalists (DIIs) supported the loss with purchases of 1 3 lakh crore.
- Geopolitical Factors: Elevated problem in West Asia and climbing worldwide uncertainty sustained the sell-off.