The Nifty 50 is down 5.7% from its 52-week high, despite foreign portfolio investors dumping Indian stocks eight out the last 12 months. While the overall valuation is down significantly from its peak, the lack of visibility for future earnings growth is keeping the India bulls at bay.
5 Min Read
A year ago, foreign institutions started trimming their positions in India and allocated capital to relatively cheaper stocks (based on earnings growth estimates) in other Asian markets like China, Taiwan and South Korea.
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