Investors pull from India
Foreign investors dumped a record $12 billion from Indian equities amid rising energy costs and a global risk‑off mood, a notable capital‑flow shift to watch if you’re tracking food, travel and hospitality stocks in India. (x.com)
NSDL filings show foreign portfolio investors were net sellers across the cash market in March, offloading roughly ₹1.13 lakh crore by March 27 and surpassing the previous monthly peak of ₹94,017 crore seen in October 2024. (livemint.com) Bloomberg’s compilation put overseas net sales at about $11.7 billion through March 25 and noted total foreign outflows for the year had already topped $13 billion. (bloomberg.com) The sell‑off coincided with a sharp oil shock: Brent crude climbed above $100 in mid‑March and was trading around $114 a barrel on March 30 as Gulf tensions disrupted shipping and supplies. (tradingeconomics.com) Capital flight pushed the rupee to fresh lows — the unit fell to about ₹94.84 per dollar before touching an intraday low near ₹95.2 — prompting the Reserve Bank of India to cap banks’ net open FX positions at $100 million with an April 10 deadline. (sg.finance.yahoo.com) Sector flows were uneven: financials absorbed the largest FPI selling, with estimates showing banks and BFSI names faced around ₹31,800 crore of net exits in March, while select travel and hospitality listings recorded sharp weekly volatility and several individual hotel stocks hit 52‑week lows. ( ) Consumer‑goods companies signalled margin pressure from higher input, packaging and logistics costs linked to the crude rally, and several FMCG firms were reported to be weighing price increases and smaller pack sizes to offset rising expenses. (brandequity.economictimes.indiatimes.com)
