For Quick Alerts
For Daily Alerts

Popularity of Indian equity at 11-month low: Survey

Popularity of Indian equity at 11-month low: Survey
The popularity of Indian equities among global fund managers slumped to an 11-month low in November, the Business Standard has quoted a Bank of America Merrill Lynch report.

According to the report a global fund manager survey in November revealed that investors were 11 per cent underweight on Indian stocks.

"While BofA-ML did not give any reason for the sudden investor aversion to Indian stocks, analysts said premium valuations to most other emerging markets, following the market rally this year, and no improvement in economic parameters could have led to the aversion," the Business Standard report added.

Indian equities closed at a two-month low on Friday as worries over the fiscal cliff and concerns in the eurozone region weighed on sentiments.

Domestically, the IIP data revealed that manufacturing output slumped, while inflation continued to remain sticky.

Read more about: indian equities
Story first published: Saturday, November 17, 2012, 11:09 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more