FPI selling spree continues in Nov at Rs 26,533 cr, intensity of outflow reduces

According to the data, FPIs recorded a net outflow of Rs 26,533 crore so far this month (till November 22). This came following a net withdrawal of Rs 94,017 crore in October, which was the worst monthly outflow. However, in September, foreign investors made a nine-month high investment of Rs 57,724 crore.

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Nifty has support around 22,200 and banking index support is near 47,800. The market shows significant corrections with FIIs lacking buying interest. Coal India and