New Delhi, Sep 13 || Foreign institutional investors (FIIs) have sold over Rs 1 lakh crore in Indian stocks since July, impacting the market sentiments, but consistent domestic inflows lent support, according to provisional data from stock exchanges.
The sell-off, driven by lacklustre earnings, stretched valuations, and uncertainty over US tariffs, has resulted in range-bound indices.
Between July 1 and September 8, foreign institutional investors sold equities totalling Rs 1.02 lakh crore, with Rs 7,800 crore sold in the first six sessions of September.
Going forward, FIIs are likely to reduce their selling or turn buyers since there are indications of a turnaround in the Indian market due to repo rate cuts and GST reforms, said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.