India the new 'no-go' zone for FIIs? 7 brutal truths behind $18 billion exodus

Since the outbreak of the Iran war in late February, foreign institutional investors (FIIs) have withdrawn a staggering $18 billion from Indian equities, causing the Nifty to tumble more than 9% from its 52-week high. What was once the world's favorite emerging market growth story has rapidly transformed into a "no-go" zone as global capital flee amid rising energy prices.While a sharp market correction has brought valuations down to fair levels, institutional desks are not yet signaling a "comp...