After strong inflows in 2023, foreign portfolio investors (FPIs) turned net sellers in the first month of 2024, January. FPIs sold Indian equities worth ₹25,744 crore during the month on the back of a rise in US bond yields. Will the selling continue?
Broad-based gains boosted all three major U.S. stock indexes and nudged the S&P 500 to within one percentage point of its all-time closing high reached in January 2022