Pointing out that FII outflows in the last 6 months and the resultant valuation correction offer comfort to global investors, Sorbh Gupta, Senior Fund Manager – Equities, Bajaj Finserv AMC, says the growth differential between India and other larger economies should increase. “So Indian equity should outperform from here on compared to US or China … Read more
After months of persistent outflows, foreign institutional investors (FIIs) are showing signs of a strategic shift in India. The turnaround in FII activity was marked by a significant net buying figure of Rs 3,255 crore through the exchanges on March 21, signaling renewed interest in Indian equities. While FIIs had been offloading Indian equities in … Read more
Valuation guru Aswath Damodaran has spelled out a warning of sorts for India’s growth story as the world, led by the US, takes a more protectionist turn. In his latest blog post, Damodaran said India will face many more hurdles in its path to achieve economic growth, unlike China which relatively had smoother sailing in … Read more
The Indian market closed in the red on Friday, extending their losing streak to a third consecutive week. The decline was driven by losses in heavyweight financial and automobile stocks, while lingering concerns over U.S. tariffs continued to dampen investor sentiment. The benchmark BSE Sensex shed 424.90 points or 0.56% to close at 75,311.06, while … Read more
NEW DELHI: Foreign institutional investors, who have been on a selling spree in the last few months, sold Indian stocks worth over Rs 10,000 crore in 3 old economy sectors – metals, power and oil and gas – last month. NSDL data shows that the worst sell-off was in the oil and gas sector, with … Read more
Much before the US Federal Reserve started its aggressive interest rate hikes and balance sheet reduction in May this year, the flow of FIIs on Dalal Street turned negative in October 2021. Till June, the foreigners’ club sold Indian equities worth an unprecedented $33 billion. July onwards, FII flows towards India and other emerging markets … Read more
New Delhi: The domestic equity market continued to bleed due to sharp profit booking and heavy FII outflows, for the second straight week. The broader markets were hit harder. Hawkish commentary from the Federal Reserve, elevated crude oil price, rising geopolitical tensions and persistent selling from the FIIs kept the trades on toes. Back home, … Read more