NEW DELHI: Foreign institutional investors, who have been on a selling spree in the last few months, sold Indian stocks worth over Rs 10,000 crore in 3 old economy sectors – metals, power and oil and gas – last month. NSDL data shows that the worst sell-off was in the oil and gas sector, with … Read more
Much before the US Federal Reserve started its aggressive interest rate hikes and balance sheet reduction in May this year, the flow of FIIs on Dalal Street turned negative in October 2021. Till June, the foreigners’ club sold Indian equities worth an unprecedented $33 billion. July onwards, FII flows towards India and other emerging markets … Read more
New Delhi: The domestic equity market continued to bleed due to sharp profit booking and heavy FII outflows, for the second straight week. The broader markets were hit harder. Hawkish commentary from the Federal Reserve, elevated crude oil price, rising geopolitical tensions and persistent selling from the FIIs kept the trades on toes. Back home, … Read more