FII selloff has intensified in October, with foreign investors net selling Indian equities worth Rs 45,125 crore in just six sessions in October so far, nearly the same as the total Rs 45,536 crore outflows recorded in the entire month of September. Analysts have listed factors that could change the trend and ease pressure on the market.
The Indian stock market snapped a record eight-week-long losing streak last week, ending with gains despite strong upswings and downswings. Yet, FIIs remained bearish and continued selling Indian equities in every session so far in October. The foreign investors have remained net sellers of Indian equities for 11 consecutive sessions since mid-September.
