With domestic money inflow outperforming the overseas in the past few years, the share of foreigners in India’s total market cap has consistently retreated from a peak of about 24-25%.
Synopsis
But that’s the seemingly outlandish threshold overseas funds were close to overhauling last month in gross purchases of Indian stocks – thanks to mouth-watering valuations for a raft of large-cap shares, and brightening re-rating prospects for many after conclusion of the biggest democratic exercise on the planet.
ET Intelligence Group: By even the most generous of measures, $50 billion happens to be a lot of money – especially as a monthly shopping budget.But that’s the seemingly outlandish threshold overseas funds were close to overhauling last month in gross purchases of Indian stocks – thanks to mouth-watering valuations for a raft of large-cap shares, and brightening re-rating prospects for many after conclusion of the biggest democratic exercise on
BY
ET Bureau
4 mins read, Last Updated:
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