desk
Share
Amid the decline in markets across the world, net selling by foreign institutional investors (FII/FPI) continued in the Indian stock market on Monday. Data released on NSE i.e. National Stock Exchange shows that FII sold shares worth a total of Rs 9,040.01 crore from the Indian market. While domestic institutional investors (DII) made net purchases of Rs 12,122.45 crore on Monday. During the trading session of April 7, FIIs bought shares worth Rs 13,372.27 crore and sold shares worth Rs 22,412.28 crore, due to which the net selling was Rs 9,040.01 crore.
While DIIs bought shares worth Rs 26,528.23 crore and sold shares worth Rs 14,405.78 crore, net purchases stood at Rs 12,122.45 crore. This is the third session when the markets have fallen after Trump's announcement of tariffs. In these 3 days, the value of about 9.5 lakh crore dollars has been wiped out from the global market, which is equivalent to about Rs 790 lakh crore. This loss figure may increase because Monday's signals are also negative for the US markets. Will FIIs return? Experts say that the first reason for FIIs returning to India can be the weak dollar because a weak dollar is considered good for the emerging market. This is the reason why the Indian market can benefit from it. The second reason is attractive valuations. While valuations in the US markets are still expensive. After this market correction, the valuations of the Indian market have become much better than the growth. A huge decline has been seen in the price of crude oil. Crude is trading below $65 per barrel, which is likely to benefit India a lot.
--Advertisement--
