FPIs pull out Rs 31100 crore from Indian market in November – Zee Business

Indian markets have been under immense pressure in the past one month.

This was evident in Foreign Portfolio Investors as they sold in the Indian market to the tune of Rs 31,100 crore in November so far, as per a Zee Business TV report.

Interestingly, FPIs have found new interest in consumer and unlock-themed stocks amid heavy selloff as they have been on buying spree in the stocks related to these themes.

As per the same report, the retail, auto and ancillary, textile & apparel, airline stocks witnessed good buying interest.

Meanwhile, FPIs have pumped in a net sum of Rs 5,319 crore in Indian capital markets despite a massive correction seen in equities over the last fortnight, said a PTI report.

“Since FPIs have been holding large quantity of banking stocks, they have been major sellers in this segment.

In one of the worst closings so far this year on Friday, benchmark indices Sensex and Nifty both corrected nearly 3 per cent each on Friday.

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