Trump’s Tariff Shock Triggers FPI Exodus: ₹10,355 Cr Pulled from Indian Equities in April’s First Week
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Heavy Foreign Portfolio Investor (FPI) Outflows Hit Indian Markets In the wake of US President Donald Trump’s aggressive reciprocal tariff announcement , foreign investors have begun a significant retreat from Indian equities. According to data from the National Securities Depository Ltd (NSDL) , FPIs sold equities worth ₹10,355 crore between April 2 and April 4 , marking one of the steepest outflows in recent times. From Easing in March to Panic in April March had witnessed a moderation in foreign outflows , with net selling reduced to ₹3,973 crore —a major improvement from February’s outflows of ₹34,574 crore . However, April began on a volatile note, with global market panic following President Trump’s tariff declaration on multiple nations , including India. The announcement, coinciding with US Liberation Day , triggered a global sell-off. In just two days , the US stock market lost around $5.4 trillion in market capitalization, sparking widespread investor anxiety. Rippl...