The latest reading is well below this year's average of 20.7. Moreover, Monday's 8.8 per cent advance is only the 10th largest seen this year
As inflationary pressures unbind, corporate earnings growth will draw level, says Vinit Sambre, head-equities, DSP Investment Managers
Zee Entertainment Enterprises (ZEEL) has the biggest decline in foreign portfolio investor (FPI) holding among BSE 200 companies
There has been an exodus of foreign funds from the Indian equity market over the last nine months
The foremost reason for the currency's fall is the money being pulled out from the Indian economy by the FPIs and FIIs. In the last six months, FPIs have pulled out Rs 2.32 trillion
In all, funds tracked by EPFR saw net outflows of $1.2 billion, accounting for nearly a fourth of $5.2 billion outflows by FPIs in May
India's forex reserves, at $596 billion in the week ended June 10, equivalent to less than 10 months of imports projected for 2022-23
Chris Wood believes the best way to play Indian markets is the upswing in the Indian property/real estate sector despite the rate hikes by the Reserve Bank of India (RBI)
Outflows in just seven years since FY98, the first one seen post the Asian Financial crisis
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In the last six months, the S&P BSE Sensex and the Nifty have slumped around 7 per cent each as foreign investors dumped Indian stocks across the board
Equity inflows over the last three years from 2019-2021, according to a note by BofA Securities, totaled over $40 billion, out of which nearly $14 billion has left in the first quarter of 2022
And the March outflows were the most severe since March 2020 after the pandemic hit the world
The exodus of foreign investors was largely owing to inflationary pressures and deepening global macroeconomic conditions following the Russia-Ukraine war, experts said
Foreign portfolio investors exited India in droves and have sold stocks since October 2021 amid fears of an earlier and faster-than-expected rate hike by the US Federal Reserve (US Fed)
Foreign portfolio investors (FPIs) remain uncomfortable with India's valuation premium and have sold about $20 billion since October
Selling accelerated after Russia attacked Ukraine in February and caused a spike in global commodity prices
Our 10 mean reversion scenarios put the Nifty50 December 2022 target at an average of 17,500, said Jefferies
But they have invested over Rs 53,000 cr in the primary market, indicating investors have been reallocating their holdings without bringing in much fresh capital
This is thanks to economic revival, improving upgrades to downgrades ratio, say experts