Indian Finance Minister points to excess liquidity as cause for stock market underperformance
- 1Finance Minister Nirmala Sitharaman stated that excess liquidity has contributed to the underperformance of the Indian stock market.
- 2Major Indian benchmark indices have recorded a decline of nearly 12% since January.
- 3Foreign portfolio investors have sold more than $33 billion in directly listed Indian stocks so far this year.
So what's the key point?
The Indian Finance Minister said that too much money in the market has led to poor stock performance. Foreign investors have sold off more than $33 billion in Indian stocks.
Source CNBC · View original ↗
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