 "Stock market")
September proved to be a month of contradictions, as the markets experienced an uninterrupted rise during the first fortnight, only to reverse most of the gains during the second.
The market decline in the latter part of the month was triggered by intense selling from foreign portfolio investors (FPIs), who were spooked by rising bond yields following the US Federal Reserve’s higher-for-longer narrative.
An analysis conducted by PRIME Infobase reveals the sectors where overseas funds turned the most bearish. Stocks in the power, financial services, and oil, gas, and consumable fuels sectors saw the highest sell-off, with FPIs redeeming over
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