๐ Global funds ditch India stocks for other markets
Global funds are souring on Indian stocks, leading some firms to completely exit their Indian portfolios. This trend is happening among money managers in Singapore and Dubai, citing a lack of a strong AI investment theme. Foreign portfolio ownership on the NSE has dropped to a 17-year low as funds pull out around $25 billion this year. The growing skepticism contrasts with earlier optimism driven by growth and infrastructure projects. Local institutions are currently providing a floor, but more durable FDI is needed to lure back foreign capital. ๐