FPIs offloaded over Rs 25,000 cr Indian stocks in May, turning net sellers second month trinidadtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trinidadtimes.com Daily Mail and Mail on Sunday newspapers.
In May, foreign institutional investors (FIIs) sold Indian stocks worth Rs 25,600 crore, aligning with the Sell in May and go away adage. Increased net shorts in index futures, outperformance of Chinese stocks, and concerns about high valuations contributed to the sell-off.
FPIs sell ₹25,586 crore in Indian equities ahead of June 4 election results thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets.
This came following a net outflow of over Rs 8,700 crore in the entire April on concerns