Fidelity, Invesco Look to Buy Into Indiaâs Virus-Led Stock Slump
Apr 23 2021, 10:33 PM
April 23 2021, 9:48 AM
April 23 2021, 10:33 PM
(Bloomberg) Even as traders in India fret over how much more pain the nationâs uncontrolled coronavirus surge will inflict on local stocks, some seasoned investors are getting ready to dip their toes back into the market.
(Bloomberg) Even as traders in India fret over how much more pain the nationâs uncontrolled coronavirus surge will inflict on local stocks, some seasoned investors are getting ready to dip their toes back into the market.
Concerns that a fresh round of lockdown-like rules triggered by the new virus wave will derail Indiaâs nascent economic recovery have made the benchmark S&P BSE Sensex Asiaâs worst performer in April, bringing it on the verge of technical correction this week. Weakening sentiment has also seen foreign funds turn net sellers of local shares after a six-month buying spree.