FPI sell-off continues; pull out Rs 39,000 cr from equities in May so far - Economic Times

At higher levels, FPIs may continue to sell. If globally markets are stable, FPI selling will be easily absorbed by DII plus retail buying, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Continuing their selling spree, foreign investors have dumped Indian equities worth over Rs 39,000 crore this month so far amid rising bond yields in the US, an appreciating dollar and prospects of m… [+2686 chars]

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