FPIs cut stake in two-thirds of BSE 200 companies in June quarter

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FPIs cut stake in two-thirds of BSE 200 companies in June quarter

Average stake down 40 bps from previous quarter at 22% TopicsAdani Group | Hindalco | Foreign portfolio investor Krishna Kant  |  Mumbai Last Updated at August 10, 2022 00:36 IST FPIs have been net-sellers on D-Street for five quarters on the trot and the result has been predictable The Indian equity market has been dancing to the tune of foreign portfolio investors (FPIs) for more than two decades now. Typically, when FPIs are net-buyers on Dalal Street (D-Street) and raise their ownership of Indian equities, the broader market rallies. Conversely, when FPIs turn net-sellers, the stock prices decline. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. Key stories on business-standard.com are available to premium subscribers only.Already a premium subscriber? LOGIN NOW SUBSCRIBE TO INSIGHTS MONTHLY Select ANNUAL Select Best Offer SMART ANNUAL Opt for auto renewal and save Rs 300Select What you get on Business Standard Premium? Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed. Support quality journalism and subscribe to Business Standard. Digital Editor First Published: Wed, August 10 2022. 00:34 IST
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