Market move▼ Bearish for Indian equities
India’s global equity market share falls below 3% as foreign outflows rise
The brief
- India’s global equity market share fell below 3% as stocks dropped 19% in dollar terms
- Foreign investors pulled out nearly $30 billion
- Foreign outflows pressure Indian equities, particularly large-cap stocks tracked by global funds
- FPIs pull nearly $30 billion from Indian stocks, set for biggest annual outflow ever
- DIIs outbuy FIIs as market snaps 4-day losing streak
- FIIs, retail investors raise stakes in 10 stocks, stocks rally up to 35% in 3 months
- Sensex and Nifty open higher after longest weekly decline in 25 years
- September IPO rush draws $1 billion FPI money even as listed stocks see record outflows