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FPIs turn net sellers; pull out Rs 21,201 crore from equities in Aug so far
Update / Judgement Date
18 Aug 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Foreign Portfolio Investors (FPIs) have withdrawn ₹21,201 crore from Indian equities in August, indicating a trend of net selling. This outflow is attributed to high market valuations and global economic uncertainties. The withdrawal reflects cautious sentiment among foreign investors regarding the Indian stock market.