Foreign investors have sold the April rally in the domestic stock markets, offloading shares to the tune of Rs 4,200 crore till Friday. Mutual fund flows have held fort again, with data available till April 16, showing buying of shares worth Rs 4,600 crore by funds.
Experts said growing macro worries and oil prices surging above $70 per barrel have caused foreign investors to trim exposure to India, and the trend is likely to continue as none of the macro worries seem to abate.
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