“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.
West Asia conflict puts FIIs in reverse in India; Nifty will test 24,300 support level next, say experts
