FII withdraws 67834 crore from Indian market, foreign investors investing money in China

New Delhi| Foreign institutional investors i.e. FIIs have broken the record of four and a half years of withdrawal from Indian stock markets in any one month. They have sold shares worth Rs 67,834 crore so far in October. This is the highest since Rs 61,973 crore in March, 2020.

According to depository data, FIIs have sold shares every day this month. If this selling trend continues then these investors can break the record of all selling of Corona. According to analysts, after a flurry of stimulus measures, FIIs are continuously withdrawing money from the Asian market and investing it in China. Especially, heavy evacuations are being made from India. However, the Indian market continues to be helped by domestic investors and they have bought shares worth Rs 61,000 crore so far in October.

According to the data, foreign institutional investors have sold the most in the Indian stock market in the last 11 days on October 3. On that day, these investors had sold shares worth Rs 15,506 crore. This huge withdrawal has had a direct impact on both the rupee and the stock market. While the BSE Sensex has fallen five per cent from its top level, the rupee has also fallen below the 84 level for the first time against the dollar this month.