Key Points
Foreign investors have significantly reduced their holdings of Indian stocks in recent days, driven by disappointing earnings from key companies and ongoing concerns about geopolitical tensions, including the Israel-Hamas conflict, and the potential for higher interest rates in the United States...
Overseas funds sold off $768.4 million worth of Indian shares in a single day last Thursday, marking the largest one-day outflow since June 2022, reported Bloomberg News...
Shrikant Chouhan, an analyst with Kotak Securities Ltd told the publication that a combination of geopolitical tensions and mixed second-quarter earnings in India has left investors feeling uncertain about the near-term prospects of domestic markets..
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