Indian equity benchmarks continued their weak trade in late morning session due to profit booking by investors. Apart from profit booking and sustained capital outflows by foreign funds, weak trends in other
Asian bourses mainly dampened the sentiments. Foreign investors have pulled out a massive $3.5 billion from the capital market this month so far following rate hike by the US Federal Reserve. Most of the outflows by the Foreign Portfolio Investors (FPIs) have been witnessed in the debt markets during the period under review. The latest FPI outflows took place following a withdrawal of over Rs 49,700 crore on net basis from the capital market (equity and debt) in last two months (October-November).
