FPIs pull out Rs 59,000 crore from equity in October

Foreign portfolio investors have sold Rs 58,711 crore ($7 billion) of Indian equities in Oct, influenced by China's economic stimulus. Net bond sales were modest at Rs 709 crore. However, strong domestic institutional investments mitigated the market impact. FPIs have also shown interest in Hyundai's upcoming IPO.

Oct 14, 2024 - 02:00

FPIs pull out Rs 59,000 crore from equity in October

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Foreign portfolio investors have sold Rs 58,711 crore ($7 billion) of Indian equities in Oct, influenced by China's economic stimulus. Net bond sales were modest at Rs 709 crore. However, strong domestic institutional investments mitigated the market impact. FPIs have also shown interest in Hyundai's upcoming IPO.