NEW DELHI: Foreign Portfolio Investors (FPIs) began the week on a positive note, investing ₹3,126 crore in equities during the first two trading sessions (Dec 16-20).However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over ₹4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of ₹976 crore during the week, data from depositories showed.Despite this short-term reversal, the broader December trend remains positive. FPIs have infused ₹21,789 crore into equities so far this month, reflecting continued confidence in India's growth potential. FPIs adopted a cautious approach due to the US Fed meeting and uncertainty about its outcome and future policy direction, said Himanshu Srivastava, associate director, Manager Research, Morningstar Investment Research India.

FPIs PULL OUT EQUITIES WORTH ₹976 CR LAST WEEK

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