Followers

Monday, May 13, 2024

'FPI selloff not due to poll jitters... other markets seem more attractive'

Foreign funds are selling Indian equities not because of election uncertainty but because they find other markets more compelling, and D-St valuations are providing them an exit opportunity, said HSBC India CEO Hitendra Dave. On Monday, Foreign Portfolio Investors were net sellers, selling shares worth Rs 4,499 crore in the capital markets.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CS26Mlo

No comments:

Post a Comment

Dow soars over 1,300 pts, Sensex 900 pts

Indian markets surged on Tuesday, with the Sensex closing above 80,000 points, fueled by a global rally following Donald Trump's victory...