Economy
FPIs withdraw over ₹35,000 crore from Indian equities in September
Livemint4h
THE BRIEF
1
Foreign portfolio investors withdrew ₹35,860 crore from Indian equities in September, reversing inflows from the preceding two months.
2
The sell-off coincided with a steep correction in Indian markets as the Nifty 50 and Sensex declined by nearly 6% each.
3
SEBI Chairman Tuhin Kanta Pandey noted that despite regulatory easing on onboarding, global investors base choices on net returns and competing yields.