Foreign portfolio investors (FPIs) were net sellers in the Indian markets to the tune of Rs 949 crore in the first half of November. This translated into total net withdrawal of Rs 949 crore. In October, FPIs remained net sellers at Rs 12,437 crore. FPIs tend to park their investments in Indian bonds for short term when they adopt a wait-and-watch approach towards Indian equities." FPI flows in November were positive so far for Indonesia, the Phillipines, South Korea, Taiwan and Thailand to the tune of USD 78 million, USD 47 million, USD 203 million, USD 1,565 million and USD 59 million, respectively, noted Shrikant Chouhan, head of equity research retail, Kotak Securities.

Source: The Hindu November 14, 2021 18:45 UTC