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Rs 10,000 crore-erosion! FPI sell-off continues in October. What’s in store for rest of the month
Sustained rise in US bond yields in anticipation of further rates and uncertain geopolitical environment have been the main contributing factors for FII offloading Indian shares. The selling was seen in financials, power, and IT, but they continued to buy capital goods and automobiles. Analysts said the Indian market continues to exhibit resilience even amid many challenges and that investors may turn optimistic in the near future.