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Foreign investors dump record $33bn of Indian stocks since October

Financial Times LogoFinancial Times1 mo ago

Foreign investors dump record $33bn of Indian stocks since October

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Mumbai’s Nifty 50 and S&P Sensex benchmark indices are down more than 9 per cent in the year to date, while Hong Kong’s Hang Seng is down almost 7 per cent.

The sell-off has ended India’s outperformance against Asian markets during the coronavirus pandemic when investors fleeing China hunted for other options in the region.

India is enjoying a retail investing revolution, with millions of people across the nation of 1.4bn using smartphones powered by cheap data to buy shares or trade derivatives using low-fee online brokerages.


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Article Details

Author / Journalist: Chloe Cornish

Category: MarketsFinanceInvesting

Topics: Indian Investors Foreign Financial Growth India Goldman Been Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-05, 00:15:25

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 611 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 30002

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

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