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Market move▼ Bearish for Indian equities
Foreign outflows from Indian stocks hit 6-month high in September on higher oil, yields
The brief
- FPIs withdrew $2.7 billion from Indian equities in September, the biggest outflow in six months
- Foreign selling can weigh on Indian equities, while higher oil pressures fuel-sensitive sectors
- Rupee Slips To 95.97: currency hovers near 96 amid oil demand, FPI outflows; RBI caps slide
- Avalon Technologies shares fall 5% after equity worth ₹883 crore changes hands in block deals
- Indian shares set for weak October as foreign investors ramp up shorts, brokerages say
- Block deals today: Avalon Tech founders to sell stake, Rs 450 crore worth Gland Pharma shares may change hands
- FIIs dump telecom for 8th straight month, outflows cross Rs 32,000 crore. Are stocks set for rebound?
Indian stocks fall as oil and geopolitical risks rise
Indian shares sank to six-month lows amid oil-price concerns and geopolitical risks, with the Sensex down 1,124 points and the Nifty below 22,800 on September 28. More than ₹7.5 lakh crore in market value was erased, while foreign fund outflows and elevated crude weighed on trading.
Wednesday, 30 September
- Foreign outflows from Indian stocks hit 6-month high in September on higher oil, yields