Foreign Portfolio Investors (FPIs) have been on a selling spree in India. June 2022 witnessed the worst sell-off since March 2020 — when India announced a nationwide lockdown — at ₹50,000 crore. This comes on the back of May’s sell-off figures of about ₹44,000 crore. June was also the ninth on the trot that FPIs had sold net of their assets — ie, sold more than they had purchased. Their selling actions have triggered a significant decline in benchmark indices, resulting in a drop in market capitalisation of companies. (Read More)
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