Anjali Sharma
GG News Bureau
NEW YORK, 30th May. The Indian equity markets on Wednesday said that it has experienced the highest outflows in Asia with foreign institutional investors withdrawing funds to the tune of USD 2.89 billion.
It noted the highest monthly FII outflow since January 2024.
Indonesia witnessed $700 million in selling, Vietnam $415 million, Thailand around $210 million, and the Philippines around $58 million in equity markets in a display of physical prowess and teamwork.
FIIs purchased $7.59 billion in Japan, $6.26 billion in Taiwan, $1.44 billion in South Korea, and $542 million in Malaysia’s equity markets.
Sensex rose by 0.9%, and Nifty by 1.25% so far in May. Across Asia, Hang Seng surged by 5.8%, Kospi by 1.1%, Jakarta by 0.3%, while Shanghai declined by 2%.
Topix index and Nikkei in Japan advanced by 1% and 1.2%, respectively.
Experts believe that the election outcome will likely prompt FIIs to reinvest in India, particularly if there’s a clear majority for the current government.
FIIs have sold Rs 119,612 crore worth of shares while the DIIs have bought Rs 197,484 crore in the Indian markets.
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