News > FPIs take out Rs 44,396 crore from equities in January amid weak earnings outlook

FPIs take out Rs 44,396 crore from equities in January amid weak earnings outlook

Foreign investors have pulled out Rs 44,396 crore from Indian equities this month, driven by the strength of the dollar, rising bond yields in the US, and expectations of a weak earnings season. This came following an investment of Rs 15,446 crore in the month of December, data with the depositories showed. The shift in sentiment comes amid global and domestic headwinds. FPIs have been sellers on all days this month except January 2.