Have Indian equity markets decoupled? While the global equity markets have faced challenges, with declines of average 2.37% in last six months as against Nifty Fifty returns of 11.5%, India has managed to buck the trend and gain ground. The resilience and strength displayed by the Indian equity markets have led some to believe that they have decoupled from global trends. This is despite heavy selling by Foreign Institutional Investors (FIIs), who have sold close to Rs 11,000 crore in October 2023 (till 17th October). Over the past three months, FIIs have been net sellers of Rs 58,256 crore. However, …
