FPIs offload ₹7,998 crore in Indian equities; extend selling streak on high US bond yields; check details
Foreign portfolio investors (FPIs) continued their selling streak in the first week of October that started since last month, on record-high US bond yields and a stronger US dollar. FPIs have sold ₹7,998 crore worth of Indian equities and offloaded a total of ₹6,024 crore as of October 6, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data.
The ₹14,768 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 ₹26,689 crore, according to analysts. FPIs have reversed the prior three-month trend of sustained buying and emerged net sellers in September.
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Updated: 07 Oct 2023, 09:56 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.