FIIs dump Indian stocks for eight straight weeks: Is a reversal on the cards or more pain ahead?
AI Summary
Foreign Institutional Investors sold Indian equities worth Rs 30,294 crore in their eighth consecutive week of selling, though Domestic Institutional Investors absorbed the outflows with Rs 30,313 crore in purchases. The selling pressure is attributed to elevated crude oil prices, rupee weakness, and global factors, while the Nifty 50 managed to end slightly higher, breaking its losing streak.
From the source
FIIs sold Indian equities for an eighth consecutive week, offloading Rs 30,294 crore, while DIIs bought Rs 30,313 crore to cushion the outflows. The Nifty 50 ended marginally higher, snapping its losing streak. Elevated crude oil prices, rupee weakness and gl…
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View original at The Times of India