Foreign investors extended their selling spree in Indian equity markets for the third consecutive week in November, according to data released by the National Stock Exchange.
The pace of selling by foreign portfolio investors (FPIs) in the Indian equity market slowed down in the second week of November, according to data from the National Securities Depository Limited (NSDL).
The high valuation of the Indian equity market is justified because of the strong fundamentals of the Indian companies as compared to other emerging markets globally, highlighted a report by Allianz Global Investors.
The Indian equity markets are facing a short-term pressure because of the moderating corporate earnings and the rising geopolitical tensions, highlighted a report by Motilal Oswal.
The Indian equity market on Tuesday opened flat note. The Benchmark indices BSE sensex opened at 82,652.69, up by 92.85, and Nifty at at 25313.40, up by 34.70.
The net foreign investment in August in the Indian equity market declined to Rs 7,320 crore, marking the lowest monthly investment in the past three months.
The foreign portfolio investors have infused Rs 15,420 crore so far this week in the Indian equity market, according to the data by National Securities Depository.
The Foreign Portfolio Investment (FPI) in the Indian equity market increased by Rs 7,390 crores during the second week of July, according to investment data from the National Securities Depository Limited.