Fidelity India Active ETF

9.930

+0.0200.20%

Volume:6.66K

Turnover:66.15K

Market Cap:- -

PE:- -

High:10.100

Open:10.100

Low:9.890

Close:9.910

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Is India the world's best growth story?

LiveWire

·

12 Nov 2024

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Foreign investors sold US$11bn worth of Indian shares, the fastest rate of disposals ever for the country’s stock market. The sell-off contributed to a 6 per cent fall in the value of India’s two main indices, the Sensex and Nifty 50. The rupee has also fallen out of favour as investors fret about slowing growth and sky-high valuations that had made India an even more expensive equity market than the US.An economic slowdown and disappointing corporate profits growth have left investors questioning whether they should cash in their chips in one of the highest-octane stock markets of the past couple of decades. If you had invested $100 in Indian shares in 2004, you would have around $1,200 today, even after last month’s dip. 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