Uncertainty has contributed to volatility in India's financial markets so far in 2024-25. The attitude of foreign portfolio investors (FPIs) in particular has affected the market. Since April this year, FPIs have, in aggregate, been net sellers of Indian equity worth ₹8,644 crore (until November 4). But selling has been concentrated in three specific months—huge net sales of ₹94,017 crore in October, a substantial ₹25,586 crore in May, and ₹8,671 crore in April. Selling in April-May coincided with India's general elections and was driven by apprehensions about the outcomes. The ongoing US elections have been a contributory factor to FPI selling through October and November.
Esta historia es de la edición November 05, 2024 de Business Standard.
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