May 1, 2024 11:37 AM

Foreign portfolio investors turn net sellers in Indian stocks in April

Foreign portfolio investors (FPIs) offloaded Indian stocks in April, following two consecutive months of being net buyers. The ongoing geopolitical crisis in the Middle East, coupled with the strength of US bond yields, likely pushed investors to withdraw funds from their portfolios. Foreign portfolio investors (FPIs), who continued to remain net buyers for the third month until a fortnight ago, have cumulatively sold stocks worth Rs 8,671 crore, the latest data from National Securities Deposit...