Huge local buying fails to lift indices
Despite $82.2 bn in domestic inflows, Indian equity benchmarks remain flat as FPIs pull out $27.2 bn citing high valuations and weak earnings. Nifty 50 trades at 22x forward earnings, far costlier than peers like China and Taiwan, leaving markets struggling to gain momentum.
Despite $82.2 bn in domestic inflows, Indian equity benchmarks remain flat as FPIs pull out $27.2 bn citing high valuations and weak earnings. Nifty 50 trades at 22x forward earnings, far costlier than peers like China and Taiwan, leaving markets struggling to gain momentum.
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