Sensex hits record high, but foreign investors are leaving
Business
The Sensex just reached a new all-time high of 86,055.86, thanks to cheaper oil and hopes for a US Fed rate cut.
But here's the catch: even with this jump from April's low, India's stock market hasn't kept up with global heavyweights—places like South Korea and Mexico have seen much bigger gains.
Foreign investors look elsewhere despite strong numbers
Since January, foreign investors have pulled out ₹1.48 lakh crore from Indian stocks, choosing markets like South Korea, Mexico, Japan, and Hong Kong that offer higher returns.
This is happening even though India's economy is showing solid growth—GDP is expected to rise by 6.5% next year and just posted an impressive 8.2% jump last quarter.
For now, though, global money seems to be chasing faster growth outside India.