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After buying stocks worth Rs 51,000 crore in August, will FIIs back off this month?
NSDL data shows that till September 16, the FIIs bought stocks worth 12,084 crore through exchanges but they are turning sellers in the cash market in the last few days. On Friday itself, foreign investors sold equities worth around Rs 3,260 crore, which analysts said was the prime reason behind the 1,093-point crash as domestic institutional investors sold stocks only worth Rs 36.57 crore.