Foreign portfolio investors (FPIs) have been selling off their investments in Indian markets since the start of the new fiscal year 2024-25. This trend is influenced by factors like the upcoming 2024 Lok Sabha elections, strong performance in Chinese markets, and cautious policies from central banks.
FPIs sold ₹14,794 crore worth of Indian stocks, with the total outflow reaching ₹10,355 crore by June 7, considering investments in debt, hybrid funds, debt-VRR, and equities, according to data from the National Securities Depository Ltd (NSDL). However, debt investments saw an inflow of ₹4,008 crore in the first week of June.
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