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Rediff.com  » Business » Stock market's foreign affair may be over

Stock market's foreign affair may be over

By Veena Venugopal in Mumbai
Last updated on: May 29, 2006 12:55 IST
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Foreign institutional investors have turned net sellers of equity worth over Rs 9,902 crore (Rs 99.02 billion) in the last two weeks, signifying one of the biggest phases of unwinding positions in the Indian market.

While the flight of money away from Indian bourses has been attributed to reasons like global restructuring of portfolios by these players, the fact remains that India is losing more money than most other emerging markets.

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Veena Venugopal in Mumbai
Source: source
 

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