Profit booking leading FIIs to sell Indian equities: FM Sitharaman

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Profit booking leading FIIs to sell Indian equities: FM Sitharaman - Business Standard

Quick Summary:

Seeking to assuage concerns over foreign institutional investors (FII) selling Indian equities lately, Finance Minister Nirmala Sitharaman on Monday attributed the action to profit booking.

Speaking to reporters in the financial capital, Sitharaman said the Indian economy is one where the investors are bagging better returns which leads to profit booking.

Indian market today, Indian economy today, has an environment in which investments are also yielding good returns and profit booking is also happening," she said.