FPIs continue selling streak, offload ₹4,768 cr in Indian equities so far in September; What lies ahead?
Foreign portfolio investors (FPIs) continued their selling streak and have emerged as net sellers so far in September, with a muted performance on D-Street on rising US bond yields and a stronger dollar. FPIs have sold ₹4,768 crore worth of Indian equities and offloaded a total of ₹2,968 crore as of September 8, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data.
The ₹4,768 crore-figure also includes bulk deals and investment in primary market. Excluding the bulk deals and investment through the primary market, the sell figure in the cash segment rises to ₹9,579 crore, according to analysts.
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Updated: 16 Sep 2023, 04:46 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.