FPIs intensified selling in Indian equities in early August due to US import duties, selling ₹20,974.9 crore worth of equities. Despite this outflow, a recent credit rating upgrade by S&P and potential GST reforms offer hope for improved investor sentiment. Domestic mutual funds have increased their investments to partially offset the FPI selling pressure.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets