(Bloomberg) -Menaka Doshi signed the Indian version of the news and communication -inside story guide to the emerging economic power, and delivered a weekly to billionaire and enterprises.
Most of them come from Bloomberg
Indian stocks have almost no sign of weakening for a few months of selling. Small stock stocks on Tuesday fell to the peak of September to 20 %.
The NSE NIFTY SMALLCAP 250 Index lost more than 3 % at a meeting on Tuesday and entered the bear market. It sank 3.7 % on Monday.
In recent months, Indian stocks have suffered suffering, because people’s attention to economic slowdown and income growth has led foreign funds to withdraw from the market. With the change of adventure, small and medium -sized stocks seem to be the first of the latest slides. Since the end of September, overseas investors have withdrawn more than $ 19 billion in markets, and more than $ 7 billion will occur in January alone.
Drchoksey Finserv PVT director Deven Choksey said: “Due to the high expansion of valuation over the years, the selling of this small stock can also expand the losses of the broader market.” “Many people have excessively exposed to small stocks. No error “”
Until a few months ago, India has always been the darling of global stock investors, and even threatened to overthrow China in the emerging market index, because consumption in the emerging market is booming, the government’s strong concern for infrastructure creation has promoted market and corporate profits Essence However, subsequent demand slowed down at the high inflation rate and interest rates have affected the economy, and saw that the growth has slipped to a four -year low.
As the company’s income began to flow, investors questioned whether Indian stocks deserve their valuation premiums that they compared with emerging markets.
-From with Abhishek Vishnoi.
Most of them come from Bloomberg Business Week
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