Foreign Investors Buy Indian Stocks Amid Falling Oil Prices
1 report, 1 independent
Updated Jan 1
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What happened
Foreign portfolio investors bought ₹14,796 crore worth of Indian stocks on Thursday, marking their largest daily purchase since February 2021. This buying occurred as crude oil prices fell sharply and global funds began to rebalance exposure following a sell-off in artificial intelligence-related shares.
Why it matters
The increased foreign investment reflects a shift in investor sentiment toward India, which had previously underperformed emerging-market peers due to high crude prices. Anand Gupta, lead portfolio manager for India equity at Allianz Global Investors, noted that accelerating earnings, low foreign ownership, and below-average valuations make India an attractive opportunity.
Who's involved
- Allianz Global InvestorsManages an equity portfolio focused on the Indian market
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The entities involved
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Allianz Global Investors
Active asset manager
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