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#MutualFunds made a complete exit from these stocks in September @hormaz_fatakia https://t.co/NndiSQOEa5
Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran.
Foreign investors turned net sellers in October, withdrawing shares worth ₹58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. https://t.co/mbrnWrvgxM
Foreign portfolio investors (FPIs) have withdrawn a record ₹58,711 crore from Indian equities in the first 12 days of October 2024. This trend, attributed to factors including the escalating conflict between Israel and Iran, rising crude oil prices, and a strong performance in the Chinese market, has not significantly impacted the Indian stock market, thanks to the support from domestic institutional investors (DIIs). Market experts noted that despite the substantial selling by FPIs, the market remained resilient. The FPIs' net selling trend reflects a broader 'Sell India, Buy China' strategy among foreign investors.