Bigger India

No Foreign Love For HDFC Bank May Be Bad News For Indian Stocks

New rules for monitoring foreign holdings in Indian stocks opened a temporary window for additional overseas investment of about 92 billion rupees ($1.4 billion) in HDFC Bank .

Even with a prime opportunity to buy shares of HDFC Bank Ltd. foreign investors aren’t biting, and that may signal that sentiment on Indian equities has turned sour, according to Arihant Capital Ltd.

Read it at Bloomberg

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