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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...

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