Source: Reuters (via feed)
Foreign investors increased selling in Indian equities sharply during the first half of March. The selling was mainly focused on financial stocks. This marked the heaviest fortnightly foreign selling in 17 months. The foreign selloff pushed the Nifty 50 to its poorest two-week performance since the March 2020 COVID-19 crash.
BizTrendWire Insight:
Foreign selling was concentrated in Indian financials during early March, contributing to notable market activity.
Foreign selling was concentrated in Indian financials during early March, contributing to notable market activity.
