FPIS WITHDRAW RS 48 , 056 CR FROM EQUITIES IN OCT SO FAR AMID ELEVATED CRUDE OIL PRICES

What happened: Foreign Portfolio Investors withdrew Rs 48,056 crore from Indian equities in October so far, amid elevated crude oil prices. Selling moderated in the week ended October 23, with FPIs turning net buyers on two trading days. Key numbers: October outflows Rs 48,056 crore. September outflows Rs 35,861 crore. Why it matters: Analysts attributed the moderation in selling to lower US bond yields, rupee appreciation and attractive large-cap valuations. Higher oil and logistics costs could weigh on corporate earnings, while elevated US rates keep American assets attractive.

Foreign Portfolio Investors withdrew Rs 48,056 crore from Indian equities in October so far, amid elevated crude oil prices. Selling moderated in the week ended October 23, with FPIs turning net buyers on two trading days.

Analysts attributed the moderation in selling to lower US bond yields, rupee appreciation and attractive large-cap valuations. Higher oil and logistics costs could weigh on corporate earnings, while elevated US rates keep American assets attractive.