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Foreign exodus from India stocks threatens to reduce key support

Foreign institutional investors have been net sellers every month since September, dumping $7.9 billion worth of local shares since

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Photo: Bloomberg

2 min read Last Updated : Jan 28 2022 | 12:41 PM IST

Indian stocks are facing the longest run of foreign outflows in five years, an exodus that’s stalling the market’s steady surge from pandemic lows in March 2020.

Foreign institutional investors have been net sellers every month since September, dumping $7.9 billion worth of local shares since. The four-month streak of withdrawals is set to be the longest since January 2017, data compiled by Bloomberg show. The benchmark S&P BSE Sensex is down about 7% since hitting an all-time high in mid-October.

The selloff has intensified amid the recent global equity rout sparked by concerns that the Federal Reserve will tighten

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