The significant shift can largely be attributed to concerns over the valuation of Indian stocks, below-expected domestic GDP growth in the second quarter of fiscal 2025, weak corporate earnings and higher US bond yields.
According to the National Securities Depository Limited (NSDL) data, FPIs injected ₹1,656 crore on a net basis into the Indian equity market this year (until December 27). Foreign investors were majorly selling in the stock market while buying in the primary market.
This story is from the December 30, 2024 edition of Financial Express Bengaluru.
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This story is from the December 30, 2024 edition of Financial Express Bengaluru.
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