NEW DELHI : Reversing their buying trend, foreign portfolio investors (FPI) turned net sellers in December with a net outflow of ₹244 crore from the capital markets amid subdued economic data. According to the depositories data, foreign investors pulled out a net sum of ₹1,668.8 crore from equities. FPIs, however, invested ₹1,424.6 crore on a net basis in the debt segment, resulting in a total net outflow of ₹244.2 crore in December so far. They invested ₹16,037.6 crore in October and ₹22,871.8 crore in November on a net basis. "FPIs adopted a cautious approach while investing in Indian equities, on the back of subdued economic indicators.

Source: Mint December 08, 2019 04:52 UTC