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Foreign investors take out ₹10,000 crore from Indian stock market after Budget
Foreign portfolio investors (FPIs) have pulled out almost ₹10,710 crore from the Indian stock market in three days since the Union Budget after the government raised taxes on derivatives trades and on capital gains from equity investments. As per stock exchange data, FPIs sold equities worth ₹2,975 crore on July 23, another ₹5,130 crore on July 24 and ₹2,605 crore on July 25. During the same time, domestic institutional investors bought stocks worth around ₹6,900 crore since July 23.
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