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FIIs dump Indian stocks for eight straight weeks: Is a reversal on the cards or more pain ahead?
Source: Economic Times · 2 days ago
Summary
Foreign investors have sold Indian stocks for the eighth week in a row, disposing of a large amount of equity, while domestic investors bought a similar amount, helping to offset the outflows. The Nifty 50 index managed a slight rise, ending its previous decline. Ongoing high oil prices, a weak rupee and rising global bond yields are influencing the market’s future direction.
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From the original report
FIIs sold Indian equities for an eighth consecutive week, offloading Rs 30,294 crore, while DIIs bought Rs 30,313 crore to cushion the outflows. The Nifty 50 ended marginally higher, snapping its losing streak. Elevated crude oil prices, rupee weakness and global bond yields remain key factors shaping the outlook for a sustained recovery.
Excerpt from Economic Times.
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