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BW Businessworld

Signs Of Foreign Buying Fatigue Emerge In India

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After pumping in around $6 billion in Indian cash shares since late August, foreign institutional investors (FIIs) are slowing their pace of purchases.

FIIs bought shares worth Rs 800 million on 20 November, compared with more than Rs 10 billion each on Monday and Tuesday.

Some traders also cited heavy basket selling by foreign investors in the Nifty, meaning sales of entire batches of shares by investors in the last half hour of trading on Wednesday.

Overseas investors also sold stock futures worth Rs 6.5 billion over the previous two sessions as per regulatory and exchange data.

(Reuters)


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