FPIs Net Sell Staggering Rs 9,700 Crores In The Cash Market
Foreign Portfolio Investors (FPIs) have net sold a staggering Rs 9,600 crores in the cash market on Friday, data released by the exchanges show.
One is not sure, whether this includes any off market trade. However, this is an amount that we not seen anytime in the recent past and is a huge net sell figure.
Following the move by the government to recapitalize some of the banks, we have only seen FPIs buying in the domestic market.
It would be interesting to see the net purchase/sale figure in the next week.
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