Foreign portfolio investors (FPIs) have been on a selling spree in India. May figures of about ₹44,000 crore formed the highest monthly quantum of sell-off since March 2020 when India announced a nationwide lockdown. Last month was also the eighth on the trot that FPIs had sold net of their assets — i.e., 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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