FPI Sell-off Continues; Rs 3,400 Cr Pulled Out In Just 3 Trading Sessions In Nov
This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed.
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This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed.
According to the data with the depositories, FPIs sold shares to the tune of Rs 3,412 crore during November 1-3. FPIs have been on a selling spree since the start of September.
Foreign Portfolio Investors' (FPIs) selling spree continues as they pulled out over Rs 3,400 crore from the Indian equity markets in the first three trading sessions of November on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
Since last Diwali, the BSE MidCap and BSE SmallCap indices have soared over 26 per cent and 29 per cent, respectively
Elevated global bond yields, dollar and crude along with no distinct visibility of the monetary easing cycle in the immediate future could cause some near-term pressure on domestic bond yields