Non-stop selling! FII exodus crosses Rs 20,000 crore in first week of November

Up to Thursday, FIIs had net sold Rs 19,994 crore, per NSDL data, with another Rs 3,404 crore offloaded on Friday. Initially driven by a 'Buy China, Sell India' trend due to attractive Chinese stimulus measures, the FII sell-off intensified as weak Q2 earnings struggled to justify high valuations on Dalal Street.