Key Points
Mumbai: Indian equities may have to rely on domestic flows to propel equities to new highs at the start of the new financial year as overseas fund managers appear hesitant to commit big money at this point due to concerns over rich valuations...
Market participants say foreign investors are bullish about the country's prospects but are holding back a bit with uncertainty over the US Federal Reserve's interest rate actions looming and because of the National Elections...
Foreign investors bought Indian equities worth 35,286.31 in March after making purchases to the tune of 1,537 crore in February..
"A large part of the foreign inflows in March was driven by IPOs and block deals which offer foreign investors to invest in Indian markets at a discount," said Pratik Gupta, CEO, Kotak Securities..
The movement in dollar and the US Bond yields are temporary aberrations and a rate cut by the US Fed in the latter half of the year could lead to increased foreign flows into Indian markets, said Bhat...
