FPIs turn net sellers after 6 months; withdraw Rs 9,659 crore in April


Snapping their six-month buying spree, foreign funds turned net sellers in April and pulled out 9,659 crore rupees from domestic equities. According to data available with depositories, Foreign Portfolio Investors withdrew a net sum of 9,659 crore rupees from domestic equity markets in April.

This was the first net withdrawal since September 2020, when they had pulled out a net of 7,782 crore rupees from equities.