Fed rate cut foreshadow: Foreign flows shift India’s market tectonic plates
Foreign portfolio investors (FPIs) made an unexpected move into Indian equities last week, injecting over $2 billion (around Rs 17,300 crore) and driving the National Stock Exchange Nifty 50 up by 2 per cent. This sudden influx of FPI capital surprised market observers, as many overseas funds had been underweight in Indian equities within their emerging market and Asia (excluding Japan) allocations. A combination of global factors fuelled the rally: declining US bond yields, a weakening US dollar, dropping oil prices, and rising metal prices created
