Foreign portfolio investors (FPIs) started November on a subdued note and continued their selling streak, having emerged as net sellers in September and October on a sharp spike in US bond yields amid ongoing geopolitical tensions in the Middle East.
FPIs are sold ₹5,806 crore of Indian equity and the total inflow stands at ₹1,525 crore as on November 10, including debt, hybrid, debt-VRR, and equity, according to National Securities Depository Ltd (NSDL) data.
FPIs have reversed the previous three-month trend of sustained buying and net sellers have emerged in September and October. Rising US bond yields have been the main reason for FPI outflows since last month, according to analysts.
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Updated: 11 November 2023, 05:44 PM IST
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