After $30 bn exodus, foreign funds trickle back into Indian equities

Foreign funds are showing signs of a return to Indian equities as recent declines in oil prices and the dollar bring some reprieve for emerging markets

Equity market
(Photo: Bloomberg)
Ashutosh Joshi | Bloomberg
1 min read Last Updated : Jul 22 2022 | 1:22 PM IST
Foreign funds are showing signs of a return to Indian equities as recent declines in oil prices and the dollar bring some reprieve for emerging markets.

Overseas investors have bought a net $1 billion of local stocks in the first three days of this week, according to the latest available exchange data compiled by Bloomberg. That puts them on course for the first weekly purchases since April. They dumped almost $30 billion of shares in the year through last Friday.
 
 

 


























A return of foreign funds could boost Indian stocks, which have been resilient this year even as their EM peers suffered the worst first-half performance in 24 years amid concerns on US interest-rate hikes and China’s pandemic lockdowns. India’s benchmark S&P BSE Sensex Index has climbed almost 8% over the past month, the best performance in Asia.
 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :US DollarIndian equitiesIndian equity marketforeign index fundoverseas investmentMarket newsTop 10 headlines

Next Story