Higher bond yields as well as a potential US Fed rate hike sparked a global risk-off sentiment, leading to elevated FII outflows in India, said Motilal Oswal Financial Services.
- Go-Digit’s Second Day of IPO: Latest Updates and RHP Details
- Digital Competition Bill Can Hinder With Tech Startup’s Investment Plans
- Government is Planning to Changing Base Year for Key Economic Indices to FY23
- Matel Raises $4 Million Through Series A Funding
- US Increases Taxes on Batteries and Chips from China; Might Impact India
According to the brokerage house, $13.5 billion in FIIs’ outflows have taken place in the secondary markets since October 2021.
“Domestic equities have also borne the brunt of rich valuations after a relentless rally post the bottom in March 2020,” the brokerage house said.