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Home bias props up Indian stocks in face of foreign sales

Reuters 

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 ...

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