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Zerodha’s Nikhil Kamath warns investors of record promoter selling in Indian stock market

  • Nikhil Kamath flagged that promoter selling in India’s stock market has quadrupled since 2018 and doubled compared to 2022.
  • At INR 80,754 crore, 2023 sees highest promoter selling in a calendar year.
  • Star market influencers urge investors to cautiously evaluate companies’ health and prospects before investing amid high promoter selling.
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