After pouring in over Rs 3,000 crore on June 3 when Nifty its all-time high of 12,103
After pouring in over Rs 3,000 crore on June 3 when Nifty kissed its all-time high of 12,103, foreign institutional investors (FIIs) have turned net sellers in the current month to the tune of Rs 400 crore, data obtained on June 17 shows. This slowdown in foreign investment has affected FII-heavy stocks as well. Fifteen stocks in which FIIs hold more than 10 percent stake have corrected 10-30 percent since June 3.
Relative to Asian peers, India is trading at a premium to its historical average valuations, while most emerging market peers are slightly below their mean levels. But, that said, several of these peers, particularly in North Asia have seen deeper earnings cuts this year as they are more directly exposed to global trade war issues than India,
Relative to Asian peers, India is trading at a premium to its historical average valuations, while most emerging market peers are slightly below their mean levels. But, that said, several of these peers, particularly in North Asia have seen deeper earnings cuts this year as they are more directly exposed to global trade war issues than India.
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