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via rediff.comMarkets

FPIs pull Rs 48,056 crore from Indian equities in October amid global headwinds

FROM THE WIRE · REDIFF.COM

Foreign Portfolio Investors (FPIs) have withdrawn Rs 48,056 crore from Indian equities in October, driven by elevated crude oil prices, Middle East tensions, inflation concerns, and weak corporate earnings, though selling pressure moderated towards the end of the month.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHeavy foreign outflows from Indian equities weigh on the market, though selling moderated late in the month.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Foreign Portfolio Investors withdrew Rs 48,056 crore from Indian equities in October.
  2. 02Elevated crude oil prices, Middle East tensions and inflation concerns drove the outflows.
  3. 03Weak corporate earnings also contributed to the selling.
  4. 04Selling pressure moderated towards the end of the month.

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