NEW DELHI: Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market.
The outflow came following a nine-month high investment of Rs 57,724 crore in September.
Since June, Foreign Portfolio Investors (FPIs) have consistently bought equities, after withdrawing Rs 34,252 crore in April-May.
Overall, FPIs have been net buyers in 2024, except for January, April, and May, data with the depositories showed.
This story is from the October 14, 2024 edition of Millennium Post Delhi.
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This story is from the October 14, 2024 edition of Millennium Post Delhi.
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