FPIs take out Rs 4,285 cr in three trading sessions due to global headwinds and high valuations.
Concerns over the third-quarter earnings season and the high valuations of domestic companies caused foreign investors to withdraw Rs 4,285 crore from Indian stocks during the first three trading days of the month. Data from the depositories indicated that Rs 15,446 crore was invested throughout December. This emotional change coincides with internal and international challenges….