Foreign investors withdraw ₹14,800cr from Indian stocks post election results

Megha Jain

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Foreign investors have withdrawn nearly ₹14,800 crore from Indian stocks in the first week of June. This move was influenced by the results of India's Lok Sabha elections and the attractive valuations of Chinese stocks. The outflow occurred after a net outflow of ₹25,586 crore in May due to election apprehensions, and over ₹8,700 crore in April owing to worries about adjustments in India's tax treaty with Mauritius, and a continuous increase in US bond yields.