Foreign investors panic: So far in April, Rs. 9,103 crore withdrawn

Ahmedabad, Ta- 13 Apr 2020, Monday

From the beginning of April this year, after the huge sell-offs in the previous March, foreign investors have raised Rs. 1.5 crore has been withdrawn.

As a result of the Corona Crisis, the assets that are considered safe haven in dollar-based securities and the dollar triggered returns in gold as well as high headlines in gold burning.

Corona viruses are spreading globally across the globe, creating a global recession, with capital eroding in markets around the world. Along with that, the protagonist was also upside down in all the market indexes.

Thus, as a result of the Corona crisis, the assets that were considered safe haven were triggered by returns in dollar-based securities and in gold. Due to the adverse environment, even headlines in the dollar and gold were burning. As well, this up trend has continued. Thus, following this trend, foreign investors have also moved away from equity markets to safe investment.

Due to this hostile environment, foreign investors have started selling in Indian stock markets for more than Rs 1.5 lakh crore in the last March. According to data available from the depository, foreign investors have invested between Rs 1, 9 crore from equities and Rs 1 crore from debt segment in the April 1 to 9 dates. 1.5 crore has been withdrawn. So, in the current month so far, they have undertaken a net sale of Rs.

While the corona virus is having a severe impact all over the world, the deterioration of the global economy has adversely affected investors' minds.

Since the beginning of the FPI statistics on National Security Securities Limited, foreign investors have been the most popular sell-offs in the month of March.

Foreign investors are shifting from equity to more secure investments, according to market intelligence circles. This trend is likely to continue in the coming days as well.