Foreign institutional investors turned sharply bearish in August, pulling out nearly Rs 35,000 crore from Indian equities—their biggest monthly outflow in 2024. FIIs slashed exposure to financials and IT amid tariff shocks and muted earnings. While some technical indicators suggest a potential rebound in September, broader sentiment remains cautious, with domestic reforms and festive demand offering possible triggers.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets