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REITs withdraw net investments worth Rs 11,308 cr from shares in July

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Foreign portfolio investors (REITs) withdrew net investments worth Rs 11,308 crore from Indian stocks in July.

Investors have become cautious over concerns about the increase in Covid-19 cases in several countries. High oil prices also weighed on investor sentiment, analysts said.

The exit comes after the REIT’s net investment in June amounted to Rs 17,215 crore.

After last month’s release, net investment in the equity segment in 2021 stands at Rs 49,036 crore.

On Friday, BSE Sensex closed at 52,586.84, down 66.23 points or 0.13% from its previous close of 52,653.07 points.

The Nifty50 on the National Stock Exchange closed at 15,763.05, down 15.40 points or 0.1% from its previous close.

Analysts say the next monetary policy review associated with the current financial results season will influence the trajectory of major stock indexes over the coming week.

–IANS

rrb / sn

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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