FPIs turn net sellers; pull out Rs 21,201 crore from equities in Aug so far
PTI, Aug 18, 2024, 12:17 PM IST
NEW DELHI: Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth Rs 21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts.
This came after an inflow of Rs 32,365 crore in July and Rs 26,565 crore in June, data with the depositories showed.
Foreign portfolio investors (FPIs) infused funds in these two months on the expectation of sustained economic growth, continued reform measures, better-than-expected earnings season and political stability.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Rapid digital expansion to create over 1 lakh new jobs in fiber tech in India in next 5 years
Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official
Air India Express increases flight operations from northeast destinations
Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle
Myntra pilots foray into quick commerce with ‘M-Now’ in select locations of Bengaluru
MUST WATCH
Latest Additions
Study links overthinking to ‘constant communication’ between brain’s fear-centre, social behaviour
Sometimes I like to take backseat and do films where pressure is not on me: Taapsee Pannu
Puttur: Abandoning labourer’s body — three, including prime accused, arrested
RG Kar protests: SC orders SIT probe into custodial torture case, weekly reports before HC
Dr. D. Veerendra Heggade sets record for ‘Largest Single-Man Collection of Antiques’
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.