Indian indices face significant decline amid FPI sell-off
pre-market1 source ↓written by the desknot a recommendation
- last week
- 5%
- index dropped
- 7%
- net outflow
- $3.44 billion
The Indian benchmark indices, including Nifty 50 and Sensex, fell over 5% last week, while the Nifty Bank index dropped about 7%. Foreign Portfolio Investors (FPIs) recorded a net outflow of $3.44 billion, contributing to a bearish outlook. Continuous selling pressure may keep indices under strain in the near term.
Not investment advice. For informational purposes only.