FPI Flows In April’25 Negative For All Key Emerging Markets; FIIs continued to be net cash sellers to the tune of Rs.5,128 crores in April’25 so far
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, April 26, 2025: FIIs continued to be net cash sellers to the tune of Rs.5,128 crores to date in April’25.
Global equities continued to witness a relief rally on expectations of a ramp-down of US tariffs, even as messaging remains mixed from the US government. Indian markets witnessed a sharp rotation, with the IT sector outperforming sharply after large underperformance in the past few weeks. Market sentiments remained hopeful as investors focused more on optimistic management guidance, while Q4FY25 earnings were slightly ahead of muted expectations, with banks, insurance and select IT companies delivering ahead of our expectations. FPI flows are expected to remain volatile.
FPI flows to date in April’25 were negative for all key emerging markets. India, Brazil, Indonesia, Malaysia, Philippines, S.Korea, Taiwan, Thailand, and Vietnam, witnessed outflows of US$1,008 mn, US$1,262 mn, US$1212 mn, US$564 mn, US$77 mn, US$7,742 mn, US$1070 mn, US$462 mn, and US$481 mn, respectively.
