Rs 27,000 crore gone in 9 days! 3 reasons why FIIs are selling Indian stocks non-stop
[hfe_template id='11223']
[ad_1]
Amid a confluence of three major devastating factors, including a dismal Q1 earnings season, Trump's punishing 25% tariff on Indian goods, and a rampaging strong dollar, foreign institutional investors (FIIs) have been ruthlessly selling Indian stocks non-stop for the last 9 trading days, with the staggering figure touching Rs 27,000 crore. The carnage intensified on Thursday alone, with FIIs pulling out about Rs 5,600 crore after the announcement of Trump's tariff bombshell that rattled investors and challenged India's cherished status as a safe haven. The already brutal Q1 earnings season has compounded the challenge for shell-shocked investors. The earnings season has pushed FIIs to build record net short positions at a staggering 90%, surpassing the previous high of 89% during the January expiry. Nifty's rollover for July stood at a concerning 75.71%, significantly lower than the previous month's 79.53%. Most alarm...