According to the depositories data, FPIs took out ₹13,470 crore from equities, ₹4,066 crore from the debt segment and ₹160 crore from hybrid instruments between December 1-17.
There continues to be uncertainties on the global as well as domestic fronts, said Himanshu Srivastava, Associate Director – Manager Research, Morningstar India.
If the situation worsens, it could further prompt them to redeem investments from emerging markets like India which are considered to be more prone to turmoil in the global markets.
With respect to other emerging markets, Shrikant Chouhan, Head – Equity Research , Kotak Securities said South Korea, the Philippines, Taiwan, Thailand and Indonesia, witnessed inflows of USD 1,870 million, USD 1,707 million, USD 297 million, USD 94 million and USD 57 million, respectively.