Mumbai January 2 2025: Overseas investors turned net sellers of Indian stocks last year as concerns over a slowing economy and higher valuations spooked sentiment.
Global funds offloaded over $750 million worth of stocks in 2024, exacerbated by heavy selling in October and November, according to data compiled by Bloomberg. The outflows in the last quarter came after they raised holdings to about $12 billion till late September.
High interest rates, a waning pandemic-era spending boom and a weak rupee added to headwinds for Indian stocks.
India’s benchmark NSE Nifty 50 Index advanced for the ninth straight year in 2024 with a modest 9% return, helped by sustained domestic buying.
