FPIs are net sellers this week due to concerns about the bank contagion
Sat, Mar 18, 2023 7:05 PM

FPIs are net sellers this week due to concerns about the bank contagion

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The initial block sale with Adani Group that attracted foreign portfolio investors (FPIs) to the Indian market has been countered by concerns about contagion among international banks. Global investors' spirits were low as a result of the failure of Silicon Valley Bank and Signature Bank as well as a liquidity crisis affecting other US and European lenders. Indian stock markets took the most hit.

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