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INDIA: RECORD MONTHLY STOCK SALES BY FPIS IN OCTOBER
The Business Guardian
|November 02, 2024
In October, Foreign Portfolio Investors (FPIs) became net sellers in the Indian stock market, offloading a record ₹94,017 crore in shares after four consecutive months of buying.
Foreign portfolio investors (FPIs) have again turned net sellers in Indian stock markets in October, after having remained net buyers in the past four months on a trot. Important to mention is that the total stocks they sold in India in October were the highest-ever in a month's time, data showed. They offloaded stocks worth Rs 94,017 crore in October, data made available by National Securities Depository Limited showed. In June, July, August, and September, they bought stocks worth Rs 26,565 crore, Rs 32,365 crore, Rs 7,320 crore, and Rs 57,724 crore, respectively. FPIs had fuelled the bull run in the stock market
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