Phew! Foreign investors finally snap selling spree in stock mkt
Overseas investors, who have been net buyers of Indian shares so far in 2013, have sold the same in each of last 3 months weighed by a record low rupee, persisting worries on fiscal deficit and a policy flip-flop amid a slowing economy.<br /><br />
Foreign institutional investors turned net buyers in the secondary share market after 11 consecutive sessions of selling a total of about $1 billion.
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Foreign institutional investors turned net buyers in the secondary share market after 11 consecutive sessions of selling a total of about $1 billion.[/caption]
Overseas investors, who have been net buyers of Indian shares so far in 2013, have sold the same in each of last 3 months weighed by a record low rupee, persisting worries on fiscal deficit and a policy flip-flop amid a slowing economy.
An oversold market after three consecutive months of decline until August, is making traders hopeful of some market-friendly measures like a hike in fuel prices.
This follows the passage of the Land Acquisition Bill and the Food Security Bill by the parliament, seen as populist.
Reuters
