FPI selling pulls indices down for 3rd straight day; Sensex falls 495 pts

Quick Summary:

FPIs held a 48 per cent stake in HDFC Bank as of September 2024.

Bajaj’s outlook created panic among investors, who felt that the demand for discretionary items would be hit, and fuelled concerns for other sectors like property, where ticket sizes are even bigger.

Indian equities have been reeling from pressure due to concerns about weak earnings, FPI outflows to China, and an uncertain rate hike trajectory of the US Federal Reserve.

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Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: Foreign portfolio investor FPIs Foreign portfolio investment Foreign Portfolio Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 19:53:00 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 607 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23104522

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 363 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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