FIIs sell ₹25,000 crore in Sept on high US bond yields, crude oil prices; What's expected in Oct?
The US Treasury yields hit a 16-year high mark and crude oil prices almost touched $98 per barrel this week amid concerns over interest rates staying high for an extended period and its impact on the global economy.
Foreign institutional investors (FIIs) continued their selling streak even as Sensex and Nifty settled higher tracking positive global cues on Friday, September 29. The domestic institutional investors (DIIs) are net buyers again and invested ₹2,751.49 crore in Indian stocks today.
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