FPIs take out Rs 3,200 crore from stocks in Nov on Trump jitters
"As euphoria surrounding the US election settled, prospects of outflows from emerging markets to the US, anticipating reform measures from Trump, and rise in US treasury yields have resulted in sharp sell-off in Asian markets. The anticipated rise in spending in the US has also upped the ante for FOMC rate hike in December," Anand James, Chief Market Strategist, Geojit BNP Paribas Financial Services, said.
New Delhi: Hindu Sena activists celebrates U.S. Republican presidential candidate Donald Trump's victory in the presidential election in New Delhi Nov. 9, 2016. (Photo: IANS)