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Journalism of Courage
Quit India?
While much of the country’s broking community is keeping its fingers crossed, hoping the sensex will stop flirting with them and actually cross the magical 5,000 mark, there’s one group which is quietly making its money, and getting out. The foreign institutional (FII) category of investors have obviously decided the market’s gone up high enough for them — so make your money and get out, or cut your losses. Right from the time of the Kargil crisis to the shooting of the Atlantique, and now the possibility that the BJP-alliance may get only a wafer-thin majority, net FII investments have been falling. From a high net inflow of $ 106 million in January and rising to $402 million by May, FIIs withdrew $ 28 million in August, and this rose to a whopping $94 million last fortnight.
