Local funds have sold equities worth ₹1,642 crore in August, the highest in 17 months, data from Sebi shows. This is the third month in a row when domestic fund deployment shrunk. Monthly inflows had peaked at ₹37,799 crore in May.
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Despite negative sentiment and foreign investor selling, Indian equities are showing signs of building a base, with a breakout above 24,500 on the Nifty potentially