West Asia conflict puts FIIs in reverse in India; Nifty will test 24,300 support level next, say experts
“We believe that FPI positioning continues to be light (~3% underweight across global, Asia ex-Japan, emerging markets, and global ex-US funds), which was mainly driven by them using India as a funding market to invest in the likes of Korea, Taiwan, and China,” said Jay Kothari, head of international business, DSP Mutual Fund. Source