FIIs sold Indian stocks worth $1.3 billion this week. Will the sell-off deepen?
Led by a confluence of global factors like sharper-than-expected weakening of the US labor market, unwinding of Yen carry trades and rising geopolitical tensions in the Middle East, FIIs withdrew $1.3 billion from the Indian stock market in the week. However, buying of around $2.2 billion worth of equities by domestic institutional investors last week … Read more
