Foreign portfolio investors turned net sellers in Indian markets by pulling out ₹2,038 crore so far in September as investors turned cautious in view of rising Indo-China tensions and weak global cues.
According to the depositories data, a net ₹3,510 crore was withdrawn from equities, while ₹1,472 crore was pumped into debts by FPIs between September 1 and 11.
FPIs were net buyers for three consecutive months -- June to August. They invested ₹46,532 crore in August, ₹3,301 crore in July and ₹24,053 crore in June on a net basis.