Foreign investors turn bearish on Indian stocks amid weakening rupee and tariffs
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Mumbai: Overseas money managers are the most pessimistic about Indian stocks in two years as a weakening rupee in the face of US tariffs, rich share valuations and moderating corporate profits continue to dull Dalal Street's global lustre. While the risk-off sentiment on India has prompted foreigners to accelerate exits in recent weeks, their net bearish positioning in derivatives is the highest since March 2023, with the 50% tariffs on Indian exports to the US deepening the cautious undertone. "Persistent foreign selling, along with short build-up, reflects a clear risk-off approach because of global uncertainties and domestic headwinds," said Sudeep Shah, vice-president and head of technical and derivative research, SBI Securities. Agencies 'Wrong Side of Tariffs' Foreign investors have sold shares worth nearly Rs 15,990 crore so far in August, after pulling out Rs 17,740 crore in July. In the derivatives segmen...