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Testimony before Committee on House Administration United States House of Representatives May 16, 2024 Hans A. von Spakovsky Senior Legal Fellow Manager, Election Law Reform Initiative Edwin Meese III Center for Legal and Judicial Studies The Institute for Constitutional Government The Heritage Foundation
While index-tracking flows are set to kick in from June, many active investors had placed their bets ahead of time, which helped India’s benchmark 10-year yield drop to the lowest in nine months in March
Promoters continue to sell stocks, foreign funds continue to dump shares, and local funds continue to be the steady buyers
The Nifty gained 0.34% or 74.7 points to close at 22,196 after making a lifetime high of 22,215. The BSE Sensex gained 0.48% or 349.2 points to close at 73,057. The index is still 370 points away from its all-time high of 73,427.
What bulls need to be mindful is that sustained foreign fund selling can keep a lid on stock prices