Foreign investors pulled out 31,575 crore rupees from Indian equity markets in the first two weeks of April, amid rising global market volatility triggered by the ongoing tariff war.
According to the depositories data, Foreign Portfolio Investors, or FPIs, also withdrew 6,960 crore rupees from the Indian debt markets between April 1 and April 11, taking the total withdrawal from Indian capital markets to 38,535 crore rupees during the period under review.
Compared to previous months, this marks a notable improvement. In February, foreign portfolio investors (FPIs) took out Rs 34,574 crore, while in January, the outflow was even higher at Rs 78,027 crore. This shift in investor sentiment highlighted the volatility and evolving dynamics in global financial markets.
According to the data, FPIs pulled out Rs 31,575 crore from Indian equities between April 1 and April 11.
“The turbulence in global stock markets following President Trump’s reciprocal tariffs has been impacting FPI investments in India too,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said. He believes that a clear pattern in FPI strategy will emerge only after the ongoing chaos settles down.