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FPI sell-off drains Rs 27,000 cr
The Daily Guardian
|October 07, 2024
The Indian stock market has been experiencing heavy selling pressure since the beginning of October, driven by Foreign Portfolio Investors (FPIs) pulling out large sums.
In just the first three trading sessions of the month, FPIs have sold equities worth Rs 27,142 crore, according to data from the National Securities Depository Limited (NSDL).
The most significant selloff occurred on October 4, when FPIs offloaded equities worth Rs 15,506 crore, marking a sharp decline in investor confidence. This selling spree has weighed heavily on Indian equity markets, which have been under pressure for the last five sessions.
This story is from the October 07, 2024 edition of The Daily Guardian.
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