Since the market is at record highs and valuations are high FIIs are likely to press sales in the coming days. With high bond yields in the US (the 10-year is at 4.28 per cent) and the dollar index.
Before the latest outflow, FPIs were incessantly buying Indian equities in the last six months - from March to August - and brought in ₹1.74 lakh crore during the period.
Foreign portfolio investors have withdrawn funds worth Rs 5,992 crore from Indian stock markets so far in October and become net sellers for the second straight
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