INSUBCONTINENT EXCLUSIVE:
Foreign portfolio investors have dumped shares worth Rs 1,400 crore in first two days of 2019, resulting in stock market starting New Year
The Sensex and Nifty have declined 2 per cent in last two days
The speculation is that foreign fund outflows have been driven by selling from some global exchange traded funds (ETFs) to trim their
The Indian equity market was second best-performing among emerging economies for 2018 after Brazil
Most of ETFs track benchmarks likes MSCI or SP indices
If one country outperforms and ETFs weight goes above country-specific weights of MSCI or SP, ETFs are forced to sell stocks
proportionately, said market participants.
