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FPIs outflow over ₹15,200 cr in Indian equities so far in Jan; sells big in financials, IT stocks

FPIs have emerged as big sellers in stocks of financials, IT, and telecom baskets. While metals and mining are among the favorites. FPIs selloff is likely due to their positioning in cheaper markets in Asia and hence pullback in expensive Indian equities.
Hong Kong South Korea Ajit Mishra Rohan Patil Vinod Nair Head Of Research At Geojit Financial Services

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