₹48,000 crore FPI retreat leaves tech stocks as lone bright spot
A institutional flows development with market-wide reach.
· Business Standard Mkts
Foreign investors sold shares worth ₹47,955 crore in the first half of October, more than double the previous fortnight, while IT stocks attracted inflows of ₹2,599 crore.
The analysis
This is an Index / institutional flows event. Passive and institutional flows move price independently of fundamentals, and around rebalancing dates they dominate it.
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