After turning bullish on Indian stocks in the previous two months, foreign investors have resumed selling Indian equities in September so far as the Middle East conflict escalated sharply, oil prices surged, and global bond yields soared to multi-year highs.
Foreign investors net sold Indian equities worth nearly Rs 14,475 crore in September, according to NSDL data. While persistent FII selling spooks investors, VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted that the trend of FPI investment through the primary market has continued in September, according to early indications.
