Foreign Portfolio Investors (FPIs) offloaded Indian equities worth Rs 42,927 crore in the first week of June and remained net sellers during all five trading sessions for the week. With this, the total FPI outflows from the equity market have crossed 2.67 lakh crore rupees so far this year, according to depository data.
The continued selling by foreign investors is largely attributed to ongoing tensions in West Asia, which have now reached the 100-day mark as the United States and Iran have yet to reach a peace agreement despite multiple rounds of negotiations. This geopolitical uncertainty has weighed heavily on investor sentiment, stoking risk aversion amid intensifying fears over volatile energy prices and prolonged supply chain disruptions.
Meanwhile, the emergence of more attractive investment opportunities in the artificial intelligence sector across global markets has prompted many foreign investors to reallocate their capital, leading to sustained outflows.
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