Indias equity indices tumbled over 2% on Wednesday — the biggest single-day fall in nearly 18 months — led by a selloff in banks and financials as investors were disappointed with HDFC Banks third-quarter results.
Overseas investors net bought government bonds worth 350 billion rupees ($4.2 billion) in October-December, pushing the full-year tally to 598 billion rupees, the highest since 2017, clearing house data showed.
Market experts see the non-stop record runs in domestic markets being lent by mother markets US, coupled with steadily declining US bond yields, and dollar index below 101 levels
Market experts blame the decline in FPI registrations on global headwinds, although they expect strong offshore inflows to continue owing to positive domestic factors
Amid the ongoing rally and overbought conditions, premiums on put options have fallen considerably lower than call options. This is likely to remain so, as election uncertainty seems to have been taken out, and markets look up.