Foreign portfolio investors sold over Rs 6,000 crore Indian stocks in April
New Delhi, April 28 -- Foreign portfolio investors (FPIs) have turned net sellers in Indian stocks lately, after the latest geopolitical crisis in West Asia, which has likely pushed investors to take money off their portfolios.
Foreign portfolio investors (FPIs), who continued to remain net buyers for the third month this year until a few days ago in April, have cumulatively sold stocks worth Rs 6,304 crore, National Securities Depository Limited (NSDL) showed.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said the prospects of early rate cuts by the US Fed are receding with rising core inflation in the US.
"This will keep (US bond) yields high triggering more FPI outflows in both equity and debt," said Vijaya...
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