The Nifty has declined nearly 3% in the past month – and 4.6% in the past week. The Nifty Midcap 100 and Nifty Smallcap 100 indices have plunged more than 5% in a week after foreign portfolio investors sold shares worth ₹16,000 crore since the latest increase in interest rates by the US Federal Reserve.
$1.3 billion bet! FPI dollars chased just these 4 sectors in November; what’s likely in December?
The consumer services sector attracted maximum inflows in November to the tune of Rs 4,370 crore, after witnessing outflows of Rs 185 crore in October.