Daily News and Analysis – With the last of the deadlines for hedge funds investors to file their redemption requests approaching, experts feel most of them may be done with their selling.
The Sensex has lost 1,761 points in the last 7 sessions as foreign investors unloaded equities worth over Rs 2,000 crore.
This is in sharp contrast to the first week of November, when they were net buyers for Rs 790 crore.
The renewed selling is seen as an effort by hedge funds to shore up their cash levels to meet the new wave of redemption requests around the November 15 deadline, analysts said.
