Daijiworld Media Network – New Delhi

New Delhi, Oct 5: Foreign Portfolio Investors (FPIs) remained net sellers of Indian equities in September, withdrawing Rs 23,885 crore, taking the year-to-date outflow to Rs 1.58 lakh crore, according to depository data reported by PTI. This marks the third consecutive month of net outflows, following Rs 34,990 crore in August and Rs 17,700 crore in July.

Analysts attribute the recent sell-off to a combination of unexpected US trade measures and policy moves, including steep tariff hikes of up to 50% on Indian exports and a one-time $100,000 fee for H-1B visa applications, which have dampened investor sentiment, particularly in export-driven sectors like IT, said Himanshu Srivastava, Principal Analyst at Morningstar Investment Research India.

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