FPIs Trigger Market Volatility with Record Sell-Off
Mumbai– Foreign Portfolio Capitalists (FPIs) performed a historical sell-off in March, withdrawing roughly 1 18 lakh crore from Indian securities market, causing raised market volatility.
- Outflow: 1 18 lakh crore (USD 12 7 billion) taken out in March.
- Depreciation: Rupee compromised, briefly breaching 95 against the USD.
- Market Influence: Sensex and Nifty dropped around 14 – 16 %.
- DII Assistance: Domestic Institutional Financiers (DIIs) cushioned the loss with acquisitions of 1 3 lakh crore.
- Geopolitical Aspects: Intense conflict in West Asia and rising global uncertainty fueled the sell-off.
