Nifty feels the heat as FPIs remain sellers on valuation concerns

Nifty declined marginally since January, while markets like the US, Germany, France, Korea, and Japan have risen 10-16% in the period. Foreign portfolio investors (FPIs) have net sold shares worth Rs 14,156 crore this year after selling Rs 1. 50 lakh crore of equities in 2022. The underperformance of the Indian market followed a strong performance from 2020 until the middle of 2022.

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