off triggers FPI return to Indian markets; Rs 38,971 crore equity inflows this week

Key Topics in this News Article:
News Snapshot:

New Delhi [India], November 8 (ANI): Foreign portfolio investors (FPIs) have returned to Indian equity markets, investing Rs 38,971 crore this week, according to NSDL data. The return of foreign investors comes amid a sharp sell-off in global technology stocks, triggered by concerns over artificial intelligence-related investments and a possible slowdown in data centre spending. Foreign investors had earlier been selling Indian equities as global investments shifted towards AI-related markets. However, the recent correction in global AI stocks has made Indian equities more attractive to overseas investors, prompting a reversal in investment flows. Global stock markets witnessed heavy selling on…

  • This field is for validation purposes and should be left unchanged.
  • Newsletter to Your Inbox

    China intelligence delivered each week!