FPIs remain net sellers in Indian mkts, withdraw Rs 86 cr in July so far

As per the depositories data, overseas investors invested Rs 2,336 crore in equities but pulled out Rs 2,422 crore from the debt segment, leading to net outflows of Rs 86 crore from Indian markets between July 1-24. In the previous month, FPIs were net buyers to the tune of Rs 24,053 crore. Himanshu Srivastava, associate director - manager research, Morningstar India said FPIs have adopted a “cautious stance” with respect to investment in Indian markets. There is a surge in coronavirus cases globally, tension is rising between the US and China, and Indian economy is still limping.