FIIs selling to the tune of Rs 16,934 cr in Sep ...Middle East

New Delhi: The Fed’s hawkish pause message has created a global risk-averse sentiment in global equity markets, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The spike in the dollar index to 105.52 and the US 10-year bond yield shooting up to a 16-year high of 4.5 per cent are negative for equity markets, particularly emerging markets, he added. The FIIs have reversed their ‘Buy India strategy’ which they have been following in the last 3 months with selling to the tune of Rs 16,934 crore in September through 21st, he said. Countering this negative trend is the hugely positive news of JP Morgan including India in the Emerging Market Bond Index with a weight

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Last updated : 22 September 2023 clock 10:48 AM

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FIIs selling to the tune of Rs 16,934 cr in Sep ...Middle East

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