June has seen FPI withdrawals of Rs 18,109 crore amid market collapse and rebound.
The Lok Sabha election results were revealed on June 4, the day the Sensex fell 6%, while net foreign portfolio inflows reached a record high of Rs 12,436 crore.
Foreign portfolio investors (FPIs) sold large quantities of shares in the stock market throughout the course of the next four days, causing stocks to soar and fall in response to the surprise poll result, after investing Rs 6,850 crore on June 3 following the announcement of the exit poll findings.
According to exchange data, foreign investors have removed a total of Rs 18,109 crore from the cash market (excluding initial public offerings) in June thus far. However, as of June 1st, domestic institutional investors (DIIs) had net bought Rs 6,864 crore worth of stocks.
The Lok Sabha election results were revealed on June 4, the day the Sensex fell 6%, while net foreign portfolio inflows reached a record high of Rs 12,436 crore.
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