Foreign portfolio investors (FPIs) have pulled out ₹4,515 crore from the equities segment in the first half of July as they turn cautious towards the Indian market. Besides, he also added that the outflows have not been huge which signifies that foreign investors are adopting a cautious stance towards Indian equities rather than being negative on it. In June, FPIs became net buyers in Indian markets at ₹13,269 crore. For other emerging markets, Kotak Securities Executive Vice-President (Equity Technical Research) Shrikant Chouhan said that except for Indonesia, all other emerging markets witnessed FPI outflows in July so far. "Philippines, South Korea, Taiwan and Thailand saw a total outflow of USD 151 million, USD 2,043 million, USD 373 million and USD 282 million, respectively.

Source: Mint July 18, 2021 08:48 UTC