Friday , Sept. 27, 2024, 4:56 a.m.
News thumbnail
Business / Thu, 06 Jun 2024 NDTV Profit

FPIs Pull Out Over $1 Billion From Financial Stocks For Second Straight Month In May

Foreign investors continued their trend of withdrawing funds from financial stocks, marking the second consecutive month of outflows exceeding $1 billion, according to data compiled by NDTV Profit from the National Securities Depository Ltd.In May, overseas investors offloaded approximately $1.02 billion worth of financial services shares, following a similar trend observed in April when they divested $1.1 billion from the sector.

Foreign investors continued their trend of withdrawing funds from financial stocks, marking the second consecutive month of outflows exceeding $1 billion, according to data compiled by NDTV Profit from the National Securities Depository Ltd.In May, overseas investors offloaded approximately $1.02 billion worth of financial services shares, following a similar trend observed in April when they divested $1.1 billion from the sector. Th...

logo

Stay informed with the latest news and updates from around India and the world.We bring you credible news, captivating stories, and valuable insights every day

©All Rights Reserved.