Make a major steering of foreign capital.
The Indian stock market was suddenly sold, and global funds recorded a record high on the scale of net sales of Indian stocks.The latest data shows that last week (September 30th to October 4th), foreign institutional investors sold about 4.5 billion US dollars (about RMB 3.1.6 billion) in Indian stocks.Sell.
Affected by this, the Indian stock market continued to fall, and the India's Nifty 50 Index fell 4.45%last week, the worst weekly performance since June 2022.Analysts believe that the geopolitical situation has continued to upgrade, the price of crude oil has risen sharply, the global interest rate trend, and the improvement of the Indian market is the main reason for the recent withdrawal of the Indian stock market.
The focus topic of the current market attention is whether foreign investment from India will flow to the Indian market?Indian trader Nikhilesh Kasi said that the question where customers asked the most in the past two weeks is "Do we see funds flow from India to IndiaUdabur Wealth Management?" In this regard, Kasi explicitly answered: "Yes, there are obvious evidence that funds have flowed from India to India."EssenceVaranasi Wealth Management
The latest data shows that last week (September 30th to October 4th), foreign institutional investors sold about 4.5 billion US dollars (about RMB 3.1.6 billion) in Indian stocks.Sell.
This is staged in the circumstances of only 4 trading days, of which October 2 is a non -Easy Day.
According to data from the Indian Trading Commission, the global fund sold 101.7 billion US dollars of Indian bonds on October 3rd on October 3; according to exchange data, the global fund sold at $ 1.85 billion (about 13 billion yuan) of Indian stocks on October 3, and created India's shares to create, creating a creation of Indian shares to create, and created a creation.The highest level.
According to data, from October 1st to 4th, foreign capital withdrawn from the Indian stock market for a net withdrawal of 271.42 billion rupees (about 22.7 billion yuan).
The large -scale selling of foreign capital has continued to fall in the Indian stock marketJaipur Stock. Last Friday (October 4), the Indian Nifty 50 Index closed down 0.93%to 25014.60 points.It reached 4.45%, the worst performance since June 2022.
On October 7, the Indian Sensex 30 index weakened again. As of the closing, it fell 0.78%. The closing of 81050 points was a total of 5.73%compared to the previous high.
Analysts believe that the geopolitical situation has continued to upgrade, the price of crude oil has risen sharply, the global interest rate trend, and the improvement of the Indian market is the main reason for the recent withdrawal of the Indian stock market.
MoneyControl's latest market survey shows that a variety of concerns have affected the emotions of investors and caused the Indian stock market to increase. The biggest risk faced by the Indian market is a high valuation, followed by the disappointment and geopolitical risks of profitability and geopolitical risks.In addition, MoneyControl's polls also listed "India and India" as one of the key risks of the respondents' voting.
Geojit Financial Services analyst VK Vijayakumar said that selling is mainly caused by the outstanding performance of Indian stocks, and it is expected that this bullish mood will continue.The valuation of Indian stocks is very low, and the economy is expected to perform well under the latest currency and fiscal policies.
From the perspective of the industry, foreign investment mainly sells Indian financial stocks, especially high -quality stocks.
So far this year, foreign funds have invested 734.68 billion rupees in the Indian stock market and have invested 110 million rupees in the bond market.The analysis stated that geopolitical development and future global interest rate trends will be the key to determining foreign investment in the Indian stock market.
Affected by the sharp selling last week, India has lost its position in the market's largest foreign capital flow into the market.Bloomberg data shows that South Korea has become the market with the most foreign investment in 2024, and this year has reached $ 10.3 billion.In contrast, India's foreign capital inflow has dropped to $ 8.6 billion.
Sell India, buy India?
The focus topic of the current market attention is whether foreign investment from India will flow to the Indian market?Kolkata Wealth Management
Indian trader Nikhilesh Kasi said that the question that customers asked the most in the past two weeks is "Do we see funds from India to India?"
In this regard, Kasi explicitly answered: "Yes".And explained that according to the flow of funds they saw, there were obvious evidence that funds flowed from India to India.Hyderabad Stocks
KASI said that the Indian stock market is the second largest market in emerging markets.More importantly, India ranks second in the weights of all emerging markets.
KASI believes that foreign institutional investors are selling the most and most liquid assets they have, in order to extract maximum liquidity in the shortest time.This means that when a large number of foreign capital buys in the Indian market, the Indian market will become fragile.
He also said that customer selling intensity is twice as before, and this process is mainly dominated by one -sided multi -strategic funds (LO).
Reuters also analyzed that international oil prices risk, Indian currency tightening, depression of stock derivative products, and India's stimulating economic measures all prompted foreign investors to leave India and be turned to be underestimated, but the prospects continue to be good in Indian capital markets.
According to Bank of America's data, in the past two weeks, multi -funds have bought US $ 3.4 billion in Indian stocks.When Bank of America issued a report on October 4, in response to customers' eight issues on Indian assets, a large amount of funds have recently poured into Indian stocks and tried to grab the opening of the A -share opening. At present, it is not clear whether the funds have filled the low -allocation gap.
According to the tracking EPFR funds data, as of October 2, the overseas proactive funds were transferred to net inflow for the first time after 65 consecutive weeks, and passive funds accelerated sharply.
At the same time, India's ETF assets listed overseas are also highly sought after by funds.According to data from the ETF tracking website (ETF.com), as of the week of October 3, KRANESHARES India's overseas Internet ETF (KWeb) received net funds of more than 1.4 billion US dollars, and the ISHARES India ETF (FXI) obtainedPurchase of $ 1.251 billion in funds.India ETF has ranked among the net inflow of funds, which is rarely happened in the past three years.
KWEB's publisher American Kim Rui Fund CIO Branden Ahern said on October 3 that Indian stocks still have room for rise.
Eric Yee, a senior investment group manager of Atlantis Investment Management in Singapore, said, "We are cutting bulls in Asia to provide funds for purchasing Indian stocks."
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