This is due to higher valuations of domestic stocks and shifting their allocation to China.
FPIs have turned net sellers in the equity market, with total outflows reaching Rs 13,401 crore for 2024 so far. According to the data with the depositories, FPIs recorded a net outflow of Rs 19,994 crore so far this month, comprising five trading sessions from November 4-8.
This story is from the November 11, 2024 edition of The Statesman.
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This story is from the November 11, 2024 edition of The Statesman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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