The Indian stock market topped out in early Sept '16, and was going through what looked like a routine bull market correction when the bottom seemed to fall out on Nov 9 '16.
A 'double whammy' of Modi's announcement of demonetisation of Rs 500 and Rs 1000 bank notes and Trump's unexpected victory in the US Presidential elections created major panic in the market.
Those were triggers for increased selling by FIIs.
-- A 'double whammy' of Modi's announcement of demonetisation of Rs 500 and Rs 1000 bank notes and Trump's unexpected victory in the US Presidential elections created major panic in the market.
Those were triggers for increased selling by FIIs.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/11/5-reasons-why-fiis-may-continue-to-sell.html
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