FPIs offload ₹85,790 crore in Indian equities; sell-off hits 10-month high on shift to China stocks; What next? | Stock Market News
Source: Live Mint
Foreign portfolio investors (FPIs) took a sharp U-turn in October and snapped their three-month streak, turning net sellers in Indian markets amid the ongoing geopolitical tensions. This comes after an aggressive buying streak recorded in September, when FPI inflows were the highest year-to-date (YTD) and hit a nine-month high, boosted by the supersized 50 basis points (bps) interest rate cut by the US Federal Reserve.
