MUMBAI: It could be a signal from overseas investors that valuations of Indian shares are stretched and further correction could be around the corner. Foreign investors, who were keen on buying depository receipts (DRs) of domestic companies till some time ago, are now cutting down their…
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FIIs dump depository receipts on concerns of overvaluation
Posted on: June 18th 2009 in Market News.
Nifty recovers losses; Reliance Infra, SBI lead
Posted on: June 16th 2009 in Market News.
MUMBAI: Indian markets pared early morning losses Tuesday as investors entered at lower levels providing support for indices. Traders ignored the weak cues from international markets and took positions on hopes that Indian economy will do better than other global economies, said dealers….
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