Financial services stocks worth of $1.8 billion were sold by FPIs when the market fell.

Data from the National Securities Depository (NSDL) shows that in the first half of August, foreign portfolio investors (FPIs) sold shares worth $1.76 billion of financial services businesses, marking the largest outflow from the industry since January. With $2.24 billion in total sales, the financial services industry accounted for over 78% of all net outflows…

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IT, Energy, and Metal sectors witnessed the greatest FPI selling in July

In July, foreign portfolio investors bought a net amount of Rs 32,365 crore, however, due to concerns about high valuations and the topline growth forecast, among other reasons, foreign investors sold in some sectors, such as IT, power, metals, and energy. According to NSDL data, in July, foreign institutional investors (FIIs) sold shares valued at…

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Rupee is unchanged against U.S. dollar

Over the previous week, the rupee (INR) had no change. On Monday, it was valued at 82.3313 USD per unit. Good foreign inflows haven’t changed that. The net inflows during the previous week totaled more than $400 million, according to figures from the NSDL (National Securities Depository Ltd). This was aided by strong inflows into…

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