Underweight stance on India leads to exits from FAR GSecs for a 2nd month
Foreign investors were net sellers of securities under the central bank's fully accessible route (FAR) for the second straight month in November, as global fund managers went underweight on Indian securities amid rising US yields.
Foreign portfolio investors sold FAR securities worth ₹5,186.7 crore more than those they purchased in November, according to data from the Clearing Corporation of India. Net sales in October were ₹2,051.67 crore.
Foreign investors, in fact, sold securities in all emerging markets, as they were drawn towards elevated US yields. Donald Trump's re-election has led to uncertainty and there is a general risk-off towards the US, economists said.
Before turning sellers in October, FPIs had net purchased ₹62,919.37 crore of Indian securities covered under FAR in the three months after Indian sovereign debt was included in the JP Morgan emerging markets bond index.
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
A2Z of Stock Trading — Online Stock Trading Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Options Trading Made Easy: Options Trading Course
By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock Trading
Options Trading Course For Beginners
By — Chetan Panchamia, Options Trader
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
A2Z
