FIIs sell Indian equities worth Rs 20,975 crore in August so far. Can Trump-Putin's Ukraine “understanding” reverse trends?
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Foreign Institutional Investors (FIIs) have been net sellers in August so far, offloading equities worth Rs 20,975 crore. In this holiday-truncated week, FPIs sold Indian equities in each of the four trading sessions. They sold shares worth Rs 10,173 crore during the week. On Friday, FIIs outflows stood at Rs 1,926.8 while the domestic institutional investors were net buyers at Rs 3,896 crore. Commenting on the current trends, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, highlighted India's underperformance versus its global peers over the last six weeks. This underperformance is despite a massive DII buying aided by robust inflows into mutual funds, he said. "In August, from 1st through 14th, FIIs have sold equity for Rs 24,190 crores through the exchanges. This FII selling has been completely eclipsed by the massive DII buying of Rs 55,790 crores. Yet Nifty has drifted down from 24,768 to 24,631. Why? Trump’...