New Delhi, 3 November (H.S.):

In the month of October, foreign portfolio investors made a net sale of $11.2 billion i.e. about Rs 94,017 crore, making the month of October the most loss-making month for the domestic stock market. This is the first time in the history of the domestic stock market that foreign investors have made such a strong sell-off in a single month. Earlier in March 2020, foreign portfolio investors had made the highest net withdrawal of Rs 61,973 crore from the Indian stock market.

According to the data of the depository, in the current financial year 2024-25, in the months of April and May before October, foreign investors had sold more than bought. During these two months, foreign investors had made a net withdrawal of Rs 34,252 crore from the domestic stock market. After this, from June to September, foreign investors continued to be in the role of buyers.

In the month of September, foreign investors had made purchases worth Rs 57,724 crore. This was the highest level of investment by foreign investors in the domestic stock market in the last 9 months. But due to the heavy selling by foreign investors in the month of October, their total investment in 2024 is now only Rs 6,593 crore. In October, foreign investors sold a total of Rs 1,13,858 crore, while this month they also bought Rs 19,841 crore. In this way, the total figure of their selling including buying and selling was Rs 94,017 crore.

While foreign investors continued to sell in the Indian stock market this month, domestic institutional investors played the role of complete buyers this month. In the month of October, domestic institutional investors bought Rs 98,400 crore yesterday. This is the biggest investment by domestic institutional investors in a single month so far. Earlier this record was Rs 56,356 crore, which was made in the month of March this year due to the buying by domestic institutional investors.

Market experts believe that this sequence of strong selling in October may continue in November as well. There is no sign of the ongoing tension in the Middle East coming to an end soon. In such a situation, the global economy is likely to remain under constant pressure. Along with this, there is a possibility of constant turmoil in the global market due to the announcement of relief package in China's economy and the presidential elections in the US. In such a situation, the domestic stock market will also be naturally affected.

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Hindusthan Samachar / Nimish kumar