Sell-off continues in Indian markets as foreign investors continue to take money out for five straight months
- Foreign investors continue to take money out of Indian markets for five straight months resulting in a bloodbath in the Indian equity markets.
- Expectations of the US Fed hiking interest rates six times in a year have influenced the shift of money from emerging markets like India.
- Besides, oil prices have risen sharply due to growing tensions between Russia and Ukraine.
AdvertisementAnother week with growing tensions between Russia and Ukraine has spoiled the market mood across the world.
Along with geopolitical tensions, expectations of aggressive interest rate hike by the US Fed also triggered losses in Indian markets as foreign institutional investors (FII) continued to scoop out their money from here for five straight months. Morgan Stanleyreportedlyexpects the US Fed to raise interest rates six times this year, a faster increase than previously predicted.
|February (till Feb 18)||₹18,856 crore|
|Top losers in Indian markets||％更改截至上午10点|
|Mahindra & Mahindra||-1.32％|
|Indian Oil Corp||-1.03%|
|SBI Life Insurance||-0.91%|
|Larsen & Tourbro||-0.85%|
Note that Russia is one of the world’s top producers of crude oil and western countries have threatened to impose new financial and economic sanctions on Russia if it invades Ukraine. So, any western sanctions would disrupt the oil supply from one of the largest producers of oil.
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