You are here: Home » Reuters » News
Business Standard

Home bias props up Indian stocks in face of foreign sales


By Patturaja Murugaboopathy and Gaurav Dogra(Reuters) - India's domestic institutional investors have been sapping up shares this year, helping put a floor under its stock markets even as foreigners flee on concerns over the country's accelerating consumer prices, rising global yields and a falling rupee. That has propelled Indian shares close to a new high for 2018, outperforming most of their faltering Asian peers this year.India's broader index has gained about 3 percent this year, compared with a 5 percent fall in MSCI Asia ex-Japan index as emerging markets were hit by rising global ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, July 10 2018. 12:27 IST