Foreign investors have sharply trimmed their holdings in Indian equities, citing slower earnings growth, a tech-led AI surge in South Korea and Taiwan, and a costly mix of higher oil prices with a weakening rupee. The result has been heavy outflows. While strategists expect selling to ease, they warn India may not quickly regain its former appeal.
Midcap companies led the March quarter earnings season, posting profit growth that outpaced both largecaps and smallcaps, according to MOFSL. Performance was supported by BFSI, technology, and utilities, with optimism around earnings momentum. However, analysts caution that volatility tied to West Asia tensions and higher commodity prices may continue to disrupt markets.
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