Markets Plunge, Rupee Deteriorates In The Middle Of Geopolitical Tensions

FPIs Trigger Market Volatility with Document Sell-Off

Mumbai– Foreign Portfolio Financiers (FPIs) carried out a historic sell-off in March, withdrawing approximately 1 18 lakh crore from Indian stock markets, leading to increased market volatility.

• Discharge: 1 18 lakh crore (USD 12 7 billion) taken out in March.
• Devaluation: Rupee damaged, briefly breaching 95 versus the USD.
• Market Effect: Sensex and Nifty dropped around 14 – 16 %.
• DII Assistance: Residential Institutional Capitalists (DIIs) cushioned the loss with acquisitions of 1 3 lakh crore.
• Geopolitical Factors: Heightened dispute in West Asia and rising global unpredictability fueled the sell-off.

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