It’s a November blockbuster for Street with surging FPI flows
Synopsis
For starters, November has been a blockbuster month for overseas investments into Indian equities. More foreign funds have anchored in Mumbai than in any other emerging market, while only Japan in the OECD stands ahead of India.
Mumbai: Lost for words? Have you run out of superlatives in describing the surge in stocks, which just months ago were seemingly caught in the cauldron of gloom? Well, borrowing from Pink Floyd, thank cash-rich overseas investors — and India’s eye-popping resilience — for hauling the markets beyond the tunnel-vision reality of Covid-induced doom and despair.For starters, November has been a blockbuster month for overseas investments into Indian
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