Slide in the Indian markets continues – The Indian markets declined for the 3rd consecutive month as the selling by the FIIs continued. The FIIs were sellers to the tune of ~?50,200 Cr in Jun’22 and now have sold ~?2.2 lakh crore since the start of 2022. The reason for this flight remains the same as in the past few months, i.e., tightening of monetary policy by global central banks and risks of an ensuing global economic slowdown. The performance of the Indian benchmarks was slightly better than that in most advanced economies, but the high inflation and the monetary policy normalization are expected to keep the global financial markets volatile over the next few months.
