FPIs Turn Net Sellers, Offload Stocks Worth Nearly Rs 7,400 Crore

Foreign Portfolio Investors (FPIs) have shifted their stance, emerging as net sellers in the Indian stock market by offloading shares worth nearly Rs 7,400 crore. This significant withdrawal marks a stark contrast to the previous day's activity, where FPIs had purchased shares valued at Rs 108 crore. Meanwhile, Domestic Institutional Investors (DIIs) continued to show confidence in the market, buying shares worth Rs 277 crore. The recent selling trend by FPIs can be attributed to a mix of global market volatility, rising interest rates, and fluctuating economic indicators, which have led investors to reassess their positions in emerging markets like India. This shift highlights the ongoing challenges faced by FPIs as they navigate through uncertain economic landscapes while domestic investors remain optimistic about local market prospects. Analysts suggest that the market's reaction to these developments will be crucial in shaping future investment strategies, as both local and foreign investors weigh the implications of economic policies and market conditions.