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Indian stocks most overweight among emerging mkts: JP Morgan

By Abhishek Vishnoi
June 25, 2013 14:40 IST
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India remains the highest net overweight market among emerging ones it tracks, J.P. Morgan says in a report, followed by Russia, Turkey, Thailand and Brazil.

Indian stocks most overweight among emerging mktsAs per the investment bank's definition, an overweight market is one in which there are more funds meaningfully overweight relative to those meaningfully

underweight.

Foreign institutional investors (FIIs) had been strong buyers of Indian stocks since last year until a recent streak of selling, and have turned into a big swing factor in stock market movements.

However, those strong inflows have made Indian stocks vulnerable to foreign selling, dealers warn, given concerns about the Fed monetary stimulus and about China's financial stability.

FIIs have sold cash shares for 10 straight sessions, totalling Rs 9,291 crore (Rs 92.91 billion), according to exchange and regulatory data.

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Abhishek Vishnoi
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