Surat Investment：Foreign capital quickly sells Indian stock Wall Street Investment Bank： We must be alert to this major risk

Data compiled by the media show that in the past week, foreign investors have quickly sold stocks in the Indian stock market, which is expected to set the fastest level since February of this year.

Specific data shows that on Thursday (October 26) alone, Indian stocks with a total price of 768.4 million US dollars (about 5.6 billion yuan) were sold overseas.Essence

Throughout the week, foreign investment has withdrawn $ 1.2 billion in four trading days as of October 26. It is expected to become the most net outflow amount since early February 2023.The data of last Friday (October 27) has not yet been released.

In the market, the Indian stock market benchmark Mumbai's stock market sensitive 30 index (BSE Sensex) fell 2.47%last week, falling to the lowest level since June.Surat Investment

According to media analysis, some leading companies in the Indian stock market worsen investors, including India's largest cigarette manufacturer India tobacco (ITC LTD.) and India's largest fast consumer goods company Hindustan Unilever LTD..

Kotak Securities LTDSHRIKANT Chouhan said that the performance of Indian enterprises is half a ginseng, which makes investors feel uneasy about the recent prospects and lead to selling.

At the same time, concerns about Pakistani conflict and the high of the United States to maintain a period of time have combined the market's demand for these high -risk assets.Chouhan added that the turbulent situation in the Middle East is also one of the reasons for the inflow of foreign capital.Udabur Stock

In addition, Chris Wood, the global stock strategy director of the well -known investment bank of Wall Street, pointed out that the Indian 2024 election is also a major riskIndore Stock. If the Indian People's Party where the Prime Minister Modi is not consolidated, the stock market will fall sharply.Essence

Wood said that if the Indian People's Party in charge encountered such an accidental failure in 2004, "then I expect the stock market to have 25%of the callback and even more." Wood added that although a series of radical reform projects in the government will not beIt will be canceled, but "there will be a lot of adjustments."

In May 2004, due to the failure of the National Democratic Alliance in governing, the founder of the Indian People's Party, the founder of the Prime Minister, submitted his resignation.At that time, the Indian stock market plunged about 20%within two days.

Since the beginning of this year, the continuous rise in Indian food prices has caused strong dissatisfaction.R & T Financial Holding Corporation Chief Economist Rupa Rege Nitsure analyzed that the ruling party in any country does not want to face inflation in this case, and the government has almost no room for mistakes.

In May, Modi's competitors and main oppositions and main oppositions won in the key elections of Kanatakn, southern India, and brought a lot of pressure on the Indian People's Party led by Modi.

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