News > Experts downplay panic amidst $12 billion FPI sell-off in Indian equity markets
Experts downplay panic amidst $12 billion FPI sell-off in Indian equity markets
The Hindu Business Line | 27/10/2024 10:20 AM | Click to read full article
“On aggressive Foreign Portfolio Investors (FPIs) selling, for me it is less of worry. You have to look at it from percentage of FPI holding and percentage of the overall market cap. When FPI holding is $800 billion, a $10 billion net selling is just more than 1 per cent. It is about 0.1 or 0.2 per cent of overall market cap of India. It is not huge,” Ravi Dharamshi, Founder, Managing Director and CIO, ValueQuest Investment Advisors told.