New Delhi: Foreign investors have withdrawn Rs 4,444 crore from Indian markets so far in May, worrying about the second wave of the Covid-19 pandemic and its impact on the Indian economy. According to depository data, Foreign Portfolio Investors (FPIs) pulled out Rs 6,370 crore from the stock market during May 1 to 21, while investing Rs 1,926 crore in bonds. In this way, FPIs made a net withdrawal of Rs 4,444 crore.
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Himanshu Srivastava, Associate Director-Manager Research – Morning Star India said that foreign investors are moving a short distance from the market due to concerns about the second wave of corona virus epidemic and its impact on the Indian economy and investing large amount in stock market Avoiding doing. However, he said that for the last two weeks, there are signs of improvement in the situation regarding Corona virus infection. This has brought some relief and the net number has drastically decreased.
