Global Funds’ Selling Streak in India Stocks Hits Record 22 Days
- Foreigners withdrew $9 billion from stocks in three weeks
- Global managers most underweight on India in 15 years: Citi
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Global funds’ selling streak in Indian shares has hit a fresh record, as a slowdown in corporate earnings deepens and a broader rotation out of emerging-market assets intensifies.
Overseas funds have sold local shares for 22 straight trading days through Monday on a net basis, surpassing the previous such streak in March 2020, according to data compiled by Bloomberg.