Cameron Brandt says that tremendous interest was seen over the past 18 months for dedicated India equity funds domiciled in Japan and those flows have just rolled over so that suggests to me that there may be more to come. Despite the significant unwinding of the carry trade, the prompt Bank of Japan signalling resulted in quite a few trades not unwinding.
Sensex jumps nearly 3,000 points in 3 days. Has the market found its bottom or too early to celebrate?
Indian markets extended a three-day rally, with Sensex rising over 700 points intraday and Nifty closing at 23,777. Gains were led by IT, realty, and