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MARKETS HIT NEW HIGHS DESPITE FPI, DII SELLING

The Sunday Guardian

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September 22, 2024

Foreign Portfolio Investment (FPI) in India witnessed a significant decline this week amid market volatility driven by concerns over possible interest rate cuts by the US Federal Reserve.

MARKETS HIT NEW HIGHS DESPITE FPI, DII SELLING

According to data released by the National Securities Depository Limited (NSDL), the net FPI inflows into the Indian equity market for the current week stood at Rs 5,830 crore, sharply down from the Rs 16,881 crore recorded during the previous week (September 9 to September 13).

Domestic investors also showed a bearish trend this week, with significant selling pressure observed, particularly on Friday.

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