FPI selloff for October hits record 80,000 crore

Mumbai's leading indices experience volatility as foreign funds withdraw over Rs 80,000 crore this month. FII selling is expected to continue, exacerbated by Goldman Sachs downgrading India to neutral. Despite occasional bargain buying in mid and small-caps, investor sentiment remains bleak due to weak corporate earnings.

Oct 24, 2024 - 07:30

FPI selloff for October hits record 80,000 crore

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Mumbai's leading indices experience volatility as foreign funds withdraw over Rs 80,000 crore this month. FII selling is expected to continue, exacerbated by Goldman Sachs downgrading India to neutral. Despite occasional bargain buying in mid and small-caps, investor sentiment remains bleak due to weak corporate earnings.