Overseas investors have pulled out nearly 1,700 crore rupees from the Indian stock markets in January, so far, following a steep fall in crude oil prices amid slowing global growth.The outflow comes after investments from Foreign Institutional Investors (FIIs) in the equities hit a 10-month low of 2,100 crore rupees in December. According to the latest data with Central Depository Services Ltd, foreign investors were gross buyers of equities worth around 18,500 crores between January 1st and 9th, while they sold shares amounting to around 20,200 crores — a net outflow of 1,673 crores for the period. However, they took a bullish stance on the Indian debt markets and invested a net of 2,620 crore rupees in the segment during the period.Brent crude oil price is hovering at around 51 dollars per barrel. On the 7th of this month, it fell below 50 dollars a barrel – first time since May 2009 – mainly due to increased supply of oil and slowing global growth. It had dropped to as low as 49 dollars 66 cents a barrel on that day.
News On AIR | January 11, 2015 12:20 PM
FIIs pull out Rs 1700 cr from equities so far in Jan