Economy
FPIs Sell Indian Equities Worth ₹35,860 Crore in September Amid Global Headwinds

FPIs Sell Indian Equities Worth ₹35,860 Crore in September Amid Global Headwinds

Livemint51m
THE BRIEF
1

Foreign portfolio investors sold equities worth ₹35,860 crore in September and pulled out another ₹18,513 crore in two October trading sessions.

2

Surging US 10-year Treasury yields at 5.34%, elevated crude oil prices above $100, and a weaker rupee drove the aggressive selling.

3

The Nifty closed each of the last eight weeks lower, marking its biggest weekly losing streak in 25 years.