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India stock rally cools as foreign investors turn cautious, sell $3 billion
The Business Guardian
|February 03, 2024
In January, foreign investors engaged in a significant selloff of Indian stocks, marking the highest monthly total in a year.
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The move comes as global funds opt to capitalize on profits following a recent market rally. Data compiled by Bloomberg reveals that more than $3.1 billion was withdrawn from local shares by global funds during the past month.
Contrastingly, in the preceding year of 2023, global investors exhibited a strong interest in Indian shares, accumulating a net total of $21.4 billion. This figure represents the highest influx in three years, with a notable surge of over 40 percent of foreign investments occurring during the final two months of the year. This influx played a crucial role in propelling the benchmark S&P BSE Sensex to a yearly gain of almost 19 percent, marking its eighth consecutive annual advance.
यह कहानी The Business Guardian के February 03, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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