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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The veteran investor goes over the recent stock market crash with a fine-tooth comb, analysing whether the market has bottomed out or a bear run is around the corner.
Few people can make sense of India’s equity markets. Take the last six months, for example. The country’s benchmark indices have retreated sharply from their record peaks in September 2024, wiping out crores in investor wealth. Apparently, the simplest explanation for this carnage is this: foreign institutional investors, who were big buyers until September, have pulled out a record Rs 2.5 lakh crore from the Indian markets in recent months.
And what’s driving this selloff? Here is what finance minister Nirmala Sitharaman had to say: “FIIs also go out when they are in a position to book profits. The …
