FPIs take out Rs 15,000 cr in last 5 trading sessions

Overseas investors have pulled out over Rs 15,000 crore from the Indian capital markets in the last five trading sessions. Of this total, FPIs withdrew a net amount of Rs 5,173 crore on the 'Black Monday' alone, when the benchmark Sensex crashed over 1624 points, while 50-share NSE Nifty plunged 490.95 points. Foreign Portfolio Investors (FPIs) have been wary since the beginning of August and been net sellers in the last five trading sessions.

Since Monday, FPIs withdrew a net amount of Rs 15,691 crore (USD 2.36 billion) from the country's capital markets (debt and equities), as per latest data available with the depositories. Experts attributed the huge outflow from the Indian capital markets to sharp global sell-off triggered by a rout in Chinese equity markets. However, they believe that sell-off by FPIs is unlikely to continue for a long time.