Mumbai, June 7 -- Foreign Portfolio Investors (FPIs) began the first week of June on a weak note in the Indian stock market, with net investments staying in the negative territory.

According to data released by NSDL, FPIs pulled out a total of Rs 8,749 crore from Indian equities during the week from June 2 to June 6. This indicates that foreign investors were net sellers in the market during most of the week.

The withdrawal came amid global uncertainties and cautious investor sentiment. However, a sharp turnaround was seen on Friday after the Reserve Bank of India's Monetary Policy Committee (MPC) announced a surprise rate cut of 50 basis points. The repo rate was reduced to 5.5 per cent, which gave a strong push to investor confidence....