volatility: Election, FIIs switching out of India into China in very short term leading to rising volatility: Jonathan Schiessl indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The relentless selloff in India may be influenced by the situation in China, where there are rumors of further attempts to support their domestic stock markets. Some foreign investors may be tempted to switch their investments from India to the oversold and cheap Chinese equities. Despite short-term pressure on the financial sector, it offers fantastic opportunities for medium- to long-term investors. IT and healthcare sectors, viewed as more defensive, have been strong performers. India still presents a good longer-term investment story, although there may be some money flowing into China if it outperforms.
India Business News: Indian stock markets rally in 2023: In early 2023, Indian stock markets started on a tough note, experiencing a notable decline and reaching a 52-week
Having started 2023 on a bitter note and even hitting 52-week lows, Indian benchmark indices did a pole vault on Dalal Street that took them to the top 10 best performing markets in the world this year.
“We still very much like the financial space, the banks. Again, some of the foreign investors cannot trade in the domestic market. They have to trade in the ADR market overseas and you can buy Indian banks there, private sector banks, which are a great play on the broader Indian story when you have got a limited pool of stocks to be able to choose from.”