The lacklustre requirement scenario in the country has led to frequent reduction in corporate India's earnings expectations, which has impacted the performance of Indian equities relative to regional peers.
Over the last three months, stocks that have made it to the MSCI India index have underperformed their Asian peers. While the MSCI Asia index delivered 4% over the previous 3 months, the MSCI India index fell down 2%. Most of the regional MSCI indices are calculated in dollars.
Experts attribute this to the devaluation of the Chinese yuan in mid-August. Foreign portfolio investors have sold stocks of India worth nearly $3.5 billion on worsening underperformance. The aggregate investment in 2015 has decreased to $3.5 billion from $6.94 billion in mid-August month.
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Experts attribute this to the devaluation of the Chinese yuan in mid-August. Foreign portfolio investors have sold stocks of India worth nearly $3.5 billion on worsening underperformance. The aggregate investment in 2015 has decreased to $3.5 billion from $6.94 billion in mid-August month.
Contact Us 9977785000
Click here for Free trial
http://www.researchvia.com/free-trials/
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