We have been talking about how investors are shunning China and that’s true. But like markets and like investors, when the valuations go really low in one place and really high in another, they start revisiting their positions
Much of the cash leaving China is heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the South Asian nation as the prime investment destination for the next decade, Bloomberg is reporting.
Indian debt is appearing more attractive to foreign Portfolio Investors (FPIs) who sold Indian equities worth Rs 24,700 crore so far this month but bought debt worth Rs 17,120 crore during the period under review, the PTI reported quoting depository data
The plunge happened in the second half of trade on Tuesday as the BSE Sensex sank 1,668 points from its intraday high of 72,039 after having risen 615 points earlier in the day. It closed 1,053 points down at 70,371
India has in the last year banned or curtailed exports of wheat, rice and sugar as well of which it is the second largest producer. The impact of all this, Reuters is reporting, is a shortfall of about $4 billion to $5 billion this year.
India's GDP clocked a growth of 7.6% in the second quarter (July-September) surpassing analyst and Reserve Bank’s MPC expectations but slowing as compared to the previous quarter data released by the National Statistical Office (NSO)
ICICI Securities has put out a note arguing that the decadal-low FPI equity holdings are ironic given Indian fundamentals are approaching their historical best, including favourable cycles in terms of corporate profits, investment rate and tax buoyancy