FPIs Trigger Market Volatility with Document Sell-Off
Mumbai– Foreign Portfolio Financiers (FPIs) executed a historical sell-off in March, taking out approximately 1 18 lakh crore from Indian securities market, leading to boosted market volatility.
- Outflow: 1 18 lakh crore (USD 12 7 billion) taken out in March.
- Devaluation: Rupee damaged, briefly breaching 95 against the USD.
- Market Impact: Sensex and Nifty fell around 14 – 16 %.
- DII Assistance: Residential Institutional Financiers (DIIs) supported the autumn with acquisitions of 1 3 lakh crore.
- Geopolitical Factors: Intense conflict in West Asia and increasing worldwide unpredictability sustained the sell-off.
