With the uncertainty over the US Federal Reserve rate cut looming large over the stock markets, foreign portfolio investors (FPIs) dumped shares worth Rs 20,479 crore ($2.46 billion) in the last two days, triggering a 2.6 per cent slump in the benchmark indices.
After selling stocks worth Rs 10,578 crore on Wednesday, FPIs sold stocks of Rs 9,901.56 crore on Thursday, BSE data showed. The selloff was a major reason for the crash in the market this week.
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