FPIs withdraw Rs 85,790 cr from equities due to Chinese mkt valuation

Quick Summary:

Foreign investors have continued selling in the Indian market, pulling out a massive Rs 85,790 crore (around USD 10.2 billion) from equities this month due to Chinese stimulus measures, attractive stock valuations, and the elevated pricing of domestic equities.

Since June, foreign portfolio investors (FPIs) have consistently bought equities after withdrawing Rs 34,252 crore in April-May.

In March 2020, FPIs withdrew Rs 61,973 crore from equities.

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Category: BusinessFinance

Markets: IndiaChinaIsraelUkraine

Topics: FPIs Chinese stock market Foreign portfolio investment Chinese market valuation Indian equities Equity market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-27 @ 10:50:57 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23257180

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