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Substantial slowdown in FPI selling in November
The Business Guardian
|November 17, 2024
The pace of selling by foreign portfolio investors (FPIs) in the Indian equity market slowed down in the second week of November, according to data from the National Securities Depository Limited (NSDL).
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The data highlighted that between November 11 and November 14, FPIs recorded net sales of Rs 2,426 crore, significantly lower than the massive outflow of Rs 19,994 crore during the first week of November (November 4-8).
Despite the reduced pace of selling, the overall FPI selling trend remains negative. For the month of November so far, foreign investors have pulled out a total of Rs 22,420 crore from Indian equities.
This marks a continued streak of net outflows, reflecting cautious sentiment among global investors amid uncertain market conditions.
This story is from the November 17, 2024 edition of The Business Guardian.
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