Dalal Street indices fall 1% on Asian cues

Foreign portfolio investors (FPIs) have been selling Indian stocks of late amid the broader risk aversion to emerging market stocks on fears that expectations of rising rates in the US could led to the dollar strengthening. On Wednesday, FPIs sold Indian shares worth Rs 1,260.6 crore, taking their total sales tally for May so far to Rs 4,400 crore.

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