Foreign investors sell $3.42Bn Indian expensive stocks for cheaper primary market listings.

Foreign investors are selling $3.42Bn of expensive Indian stocks and shifting investments to cheaper primary market listings, seeking better returns. The primary market's lower valuations are attributed to less competition from retail, index, ETFs, and most types of institutional investors. This trend is expected to continue as investors look for higher returns in riskier markets with potentially lower interest rates.

August 27, 2024
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