After selling stocks worth Rs 10,578 crore on Wednesday, FPIs sold stocks of Rs 9,901.56 crore on Thursday, BSE data showed. The selloff was a major reason for the crash in the market this week.
If the Fed, which triggered rate hikes across the world last year, pauses in the next policy review in June and cuts rates in July, it will be good news for Indian equity markets and the economy in general.