Thursday, August 5, 2021

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.

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