By Sandeep Singh Mar 28, 2022 3:30:24 PM IST (Updated)
Follow real-time updates on Union Budget 2023Catch exclusive videos on Union Budget 2023 from CNBC-TV18
FIIs have withdrawn a net Rs 46,961.6 crore from Indian equities in March as of Friday, provisional exchange data shows. March could be a sixth straight month of foreign institutional investment outflows for Indian shares.
March could be a sixth straight month of foreign institutional investment outflows for Indian shares. Provisional exchange data shows foreign institutional investors (FIIs) have withdrawn a net Rs 46,961.6 crore from Indian equities in March as of Friday.
Recommended Articles
View All
Budget 2023: Taking a bold step to unlock India’s potential
Feb 2, 2023 IST2 Min(s) Read
Budget 2023: Moving closer towards universal health through proper implementation is key
Feb 2, 2023 IST3 Min(s) Read
Explained: Pakistan economy on the edge of collapse — why India may be worried
Feb 2, 2023 IST10 Min(s) Read
Budget 2023: Unleashing India’s growth potential in the years to come
Feb 2, 2023 IST2 Min(s) Read
ALSO READ:
In the five months to February 2022, FIIs pulled out a net Rs 1,88,034.1 crore.
FII outflows have been one of the key factors behind the recent pause in Indian shares after a chain of record highs. Headline indices Sensex and Nifty50 touched the last of their all-time highs in October 2021, ending a near one-sided, 18-month-long rally.
"There is a shift of the baton, in terms of market driving from the overseas factors to domestic factors, both on supply and demand sides (talking about the stock market)," Sunil Subramaniam, MD and CEO of Sundaram Mutual Fund, told CNBC-TV18 last week.
"International factors that have been negative: high commodity prices, higher inflation and a stronger dollar, because of the Fed," he said.
Domestic institutional investors (DIIs), however, have been saving both main gains from deeper cuts ever since.
In March so far, DIIs have net purchased shares to the tune of Rs 34,440.7 crore. This could be the thirteenth month in a row of DII inflows for Dalal Street.
| Month | Net sale/purchase (in crore rupees) | |
| FII | DII | |
| March 2022* | -46,961.6 | 34,440.7 |
| February 2022 | -45,720.1 | 42,084.1 |
| January 2022 | -41,346.4 | 21,928.4 |
| December 2021 | -35,493.6 | 31,231.1 |
| November 2021 | -39,901.9 | 30,560.3 |
| October 2021 | -25,572.2 | 4,471 |
| September 2021 | 913.8 | 5,948.9 |
| August 2021 | -2,568.5 | 6,894.7 |
| July 2021 | -23,193.4 | 18,393.9 |
| June 2021 | -25.9 | 7,043.5 |
| May 2021 | -6,015.3 | 2,067.2 |
| April 2021 | -12,039.4 | 11,359.9 |
| March 2021 | 1,245.2 | 5,204.4 |
| February 2021 | 42,044.5 | -16,358.1 |
| January 2021 | 8,980.8 | -11,970.5 |
*So far in March
First Published: Mar 28, 2022 3:19 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!