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May roundup: FIIs sell Rs 75.7 billion as global tensions shake Indian markets

May saw heightened volatility in Indian markets as FIIs offloaded Rs 75.7 billion last week and cumulative outflows touched Rs 322.3 billion. Strong DII buying of Rs 568.7 billion helped cushion the impact amid US-Iran tensions, weak rupee movement and elevated crude oil prices.

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Representational image. File pic

Representational image. File pic

With the Indian stock market also facing an impact following the US and Israel attack on Iran, the major reason, according to the experts, is the recurring withdrawal of heavy investments by the Foreign Institutional Investors (FIIs).

Amid the continuing global concerns, FIIs this week continued their selling streak in Indian equities last week, offloading shares worth Rs 75.7 billion, according to provisional exchange data. 

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