FPI Selling Exceeds GFC Outflow, But Has Relatively Low Impact On Benchmark Indices: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.The ongoing foreign portfolio investment selling in Indian equities is turning out to be the highest selling spree since the global financial crisis of CY08 with trailing 12-month FPI cumulative selling of $36 billion versus $28 billion during the GFC. However, inclusive of primary inflows, the net TTM outflow from FPIs is much less at $18.3 billion driven by record IPO-related inflows over the past one year. Consequently, aggregate FPI equity assets stood at Rs 45.5 trillion as of end February 2022, which translates into 18% holding of aggregate listed Indian equities (Rs 252 trillion) and is a dip of 200 bps from the March 2021 level of 20%. Similarly, based on December 2021 shareholding filings by listed companies, FPI holdings within the Nifty50, Nifty Next 50, Nifty midcap and Nifty smallcap indices has dipped 118 bps, 74 bps, 55 bps and 29 bps to reach 23.5%, 16.8%, 15.4% and 10.7% respectively..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

FPI Selling Exceeds GFC Outflow, But Has Relatively Low Impact On Benchmark Indices: ICICI Securities

FPI Selling Exceeds GFC Outflow, But Has Relatively Low Impact On Benchmark Indices: ICICI Securities

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