Higher bond yields as well as a potential US Fed rate hike sparked a global risk-off sentiment, leading to elevated FII outflows in India, said Motilal Oswal Financial Services.
- Persistent Systems Shares Surge 5% on Launching ContractAssIst
- Adani Green Energy Shares Soar 7% as Arm Comisiones 57 MW Wind Power Component
- IRFC Shares Rally 3% on Emerging L1 for Banhardih Coal Block Financing
- Minda Corporation Shares Rally 5% on Plans to Acquire Stake in Flash Electronics
- Stocks Under F&O Ban: Hindustan Copper, RBL Bank, and Others
According to the brokerage house, $13.5 billion in FIIs’ outflows have taken place in the secondary markets since October 2021.
“Domestic equities have also borne the brunt of rich valuations after a relentless rally post the bottom in March 2020,” the brokerage house said.
