After a brief pause in October, foreign portfolio investors have resumed selling, pulling out a net Rs 12,569 crore from Indian equities so far in November amid weak global cues and risk-off sentiment.
Even as the IPO euphoria refuses to die down, entrepreneur and former MD of BharatPe, Ashneer Grover, has come up with a tongue-in-cheek video taking a swipe at start-up founders.
The combined market valuation of seven of the top-10 most valued firms eroded by Rs 88,635.28 crore in a holiday-shortened last week, with Bharti Airtel and Tata Consultancy Services taking the biggest hit, in line with the weak trend in equities.
