New Delhi, May 1 After infusing money for two straight months, foreign investors turned net sellers in April with the dumping of Indian equities worth ₹8,700 crore on concerns over a tweak in India’s tax treaty with Mauritius and a sustained rise in US bond yields.
This came following a staggering net investment of ₹35,098 crore in March and ₹1,539 crore in February, data with the depositories showed. Overall, the total inflow for 2024 so far stood at Rs 2,222 crore in equities and ₹44,908 crore in debt market.
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As per the data, Foreign Portfolio Investors made a net outflow of ₹8,671 crore in Indian equities.
Kislay Upadhyay, smallcase manager and founder of Fidelfolio, said this outflow was due to adjustment after…
