Foreign funds to sell Rs 93,000 crore in April-November
(Commercial Representative) MUMBAI: Investment funds have been warning for the past few days that the Indian stock market is overvalued and the stock prices of many companies are getting too high from their fundamental valuations. . In the last four trading sessions alone, FIIs-FPIs have sold a whopping net Rs 15,000 crore in stocks. With this, foreign funds-FPI-FIIs have been sold for more than Rs 2,000 crore since April 2021. FIIs-FPIs have sold more than Rs 2,000 crore worth of stocks in November 2021. 12,09 crore in April 2021, Rs. 2013 crore in May 2021, Rs. 2.5 crore in June 2021, Rs. 5,12 crore in July 2021, Rs. Excluding net purchases, a net sale of Rs 5 crore was made in October 2021 and a net sale of Rs 303 crore so far in November 2021. According to this, from April to November 2021, FIIs-FPIs have sold a huge net amount of shares worth over Rs 2,000 crore so far. Against this, domestic institutional investors, funds have sold net worth Rs 2,000 crore so far between Apri...