Foreign Portfolio investments drop to Rs 2,916 cr on back of high valuations, capital gain tax hike

New Delhi [India], July 27 (ANI): Net investments by Foreign Portfolio Investors (FPIs) in the Indian equity market declined to Rs 2,916 crore for the week ending July 26, due to investor selling amid budget uncertainty.

As per data from the National Securities Depository Limited, last week foreign investors injected Rs 15,420 crore into Indian markets, but their buying declined significantly for the week July 22-26.

So f