The fall season: Foreign portfolio investors pull out Rs 80 bn in September

Financial stocks were among major losers, while information technology shares gained thanks to a weak rupee



Samie Modak 



The had a horrid September with benchmark indices falling more than 6 per cent, with the 100 index dropping nearly 20 per cent. The weakness in the market was triggered by the fall in the rupee against the dollar, surging bond yields leading to tightness, and rising crude oil prices triggering fears of deterioration in macro fundamentals. pulled out nearly Rs 80 billion in the month. were among major losers, while information gained thanks to a weak rupee. In the broader market, and were the biggest losers.


The fall season: Foreign portfolio investors pull out Rs 80 bn in September


The fall season: Foreign portfolio investors pull out Rs 80 bn in September



The fall season: Foreign portfolio investors pull out Rs 80 bn in September




First Published: Sat, September 29 2018. 00:04 IST

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