Foreign Portfolio Investors (FPI) sold Indian equities worth Rs 6,304 crore in April, reversing two months of buying.
Foreign Portfolio Investors (FPI) sold Indian equities worth Rs 6,304 crore in April, marking a shift from two months of buying activity. Domestic funds and retail investors have absorbed the selling, helping the market to remain stable. The increase in US bond yields has triggered this selling activity, causing concerns that the US Federal Reserve may keep interest rates elevated for longer, impacting the Indian market.
April 27, 2024
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