Foreign portfolio investors (FPIs) have pulled out close to Rs 4,800 crore from equities in the first fortnight of September on rising US bond yields, a stronger dollar, and concerns over global economic growth. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in […]
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Stocks euphoria in India draws warning from top-performing fundStocks euphoria in India draws warning from top-performing fund
Sailesh Raj Bhan has become wary of the exuberance surrounding Indian stocks as a $790 billion rally since late March rambles on. The chief investment officer at Nippon Life India Asset Management Ltd. says it’s increasingly difficult to find opportunities in the $3.8 trillion market, where benchmarks have just hit record highs. That’s after a […]