Foreign Funds Cut Indian Shareholdings to 10-Year Low as Nifty Extends 4-Day Slide
Updated
Updated · Bloomberg · Jun 2
Foreign Funds Cut Indian Shareholdings to 10-Year Low as Nifty Extends 4-Day Slide
4 articles · Updated · Bloomberg · Jun 2
Foreign ownership of Indian equities has fallen to its lowest level in a decade, with overseas investors continuing to sell as the Nifty 50 logged a fourth straight daily decline on Monday.
Elevated oil prices from the Iran war, a weaker monsoon outlook, a depreciating rupee and India’s limited exposure to the AI trade are driving concerns that local stocks will keep underperforming.
That weakness has cost India market-value rankings: South Korea’s tech-heavy market has overtaken it as the world’s sixth-largest, days after Taiwan pushed India out of the top five.
Asian shares slipped from record highs on Tuesday after efforts to secure a US-Iran peace deal made little progress, underscoring the external pressure still hanging over Indian equities.
Can India's domestic investors and AI ambitions shield its economy from the escalating Iran war and massive capital flight?
Is the foreign fund exodus a crisis for India, or a chance to build a more resilient, self-reliant economy?