FPI stay net sellers amid Fed jitters. (Image: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The foreign portfolio investors remained net sellers of Indian equity for the second day straight on Thursday, as they offloaded shares worth Rs 3,077.59 crore, according to provisional data from the National Stock Exchange.

The net selling is higher as compared to the shares worth Rs Rs 2,540 crore they offloaded during the preceding session.

The increase in FPI selling comes amid Federal Reserve Chair Jerome Powell's comment on a possible pause in rate cuts in December. This dampened the sentiment at not only the Wall Street, but also led to the faltering of benchmark indices at the Dalal Street.

A rate cut in December is "far from" a foregone conclusion, Powell said

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