Mumbai: Foreign investors have sold the April rally in the domestic stock markets , offloading shares to the tune of Rs 4,200 crore till Friday. CLSA recently said continued April and May data would provide a clearer picture on the domestic flows front after flows into mutual funds fell to a 13-month low in March.FPI flows have been topsy-turvy this year. Flows into mutual funds also seem to be slowing in April given the macro uncertainties,” said Sanjeev Prasad, co-head, Kotak Institutional Equities. One can forget about foreign flows for some time,” said Prasad.Earnings season would be critical for flows. “If earnings season pans out well, foreign flows can turn positive again,” said Abhay Laijawala, head of research, Deutsche Equities India.

Source: Economic Times April 23, 2018 04:41 UTC