Tag: sanctum wealth

NEW DELHI: After five months of sustained buying, foreign investors have turned net sellers and pulled out over Rs 2,000 crore from the Indian equities in the first week of August, mainly due to Fitch downgrading the credit rating for the US.In addition, the rich and stretched valuations and minor profit booking could be the reasons for this outflow, Yes Securities Chief Investment Advisor Nitasha Shankar said."A sharp spike in the US 10-year bond yield above 4 per cent is a near-term negative for capital flows to emerging...