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Indian Stocks Head for Most Monthly Foreign Outflows in 4 Years

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(Bloomberg) -- Overseas investors sold Indian stocks every trading session this month, taking the net outflows to the highest since March 2020.Most Read from...

-- Overseas investors sold Indian stocks every trading session this month, taking the net outflows to the highest since March 2020.Foreign funds withdrew more than $7 billion from Indian equities in the month through Oct. 14, according to data compiled by Bloomberg. If the trend continues, the month will see the biggest exit since a record selloff during the pandemic.

The number of bulls equaled bears to extinguish the overweight stance on India in a BofA Securities survey. That’s a sharp U-turn from a net 32 percentage point lead for optimists in July. Domain Holdings Australia Limited's Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

 

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