FII selling crosses Rs 50,000 crore this month. Trump sarkar may just deepen the exodus
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Making Sensex tumble by 2,300 points and Nifty by 2.6% so far in the month, foreign institutional investors (FIIs) have pulled out over Rs 50,000 crore from Dalal Street in January. And now with Donald Trump taking over as the US President, there are fears that FII outflow could accelerate as pro-America policies may suck in liquidity back to Wall Street. In the first 15 trading days of 2025, FIIs have sold Indian stocks worth over Rs 57,000 crore as the ongoing Q3 earnings season is doing little to convince big boys to stay put. InCred Equities estimates that profit growth has been flat so far on a year-on-year basis on 4% sales growth. While heavyweights like TCS and Reliance Industries (RIL) surprised positively, Zomato numbers show consumption slowdown. A survey of fund managers in Asia by BofA Securities shows that India is off investor radar with most participants seeing further decline in equity markets. Even as investors think tha...