FPIs turn net sellers, withdraw Rs 13,400 crore

Quick Summary:

Foreign Portfolio Investors (FPIs) withdrew over Rs 13,400 crore from Indian equities in August, reversing prior investments.

The outflow was driven by the unwinding of the yen carry trade and recession fears in the US.

Elevated Indian stock valuations, geopolitical tensions, and weak US job data also contributed to this trend, according to analysts.

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Article Details

Author / Journalist: Agencies

Category: EconomyBusiness

Markets: IndiaIsraelJapanMauritius

Topics: Investors Indian Market Business news Equities FPIs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 07:42:24 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 826 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 22022905

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