Now Reading: India now Asia’s least-preferred stock market: BofA survey
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India now Asia’s least-preferred stock market: BofA survey
India has replaced Indonesia as Asia's least-preferred stock market among global fund managers, according to Bank of America's August 2026 survey. NDTV and the New Indian Express report that 32% of respondents were net underweight on Indian equities, citing lack of clear AI exposure, weak growth, lack of reforms, and elevated valuations as key concerns.
Sentiment towards Indonesia improved, with 27% net underweight, down from 32% in July. Taiwan and Japan remain the most preferred markets. The Nifty is down nearly 8% in 2026, while foreign institutional investors have sold a net Rs 2.40 lakh crore of Indian equities this year. The survey polled 98 panellists managing $272 billion in assets between August 7 and 13.
Indian Opinion Analysis
Both NDTV and the New Indian Express report the same survey findings with neutral reporting, offering no discernible slant. The core story is a straightforward market sentiment snapshot: India's stock market has fallen out of favour with global fund managers, driven by a lack of AI exposure and weak growth. The coverage uniformly emphasises the survey's negative data points and the broader FII selloff. A careful reader should note that the survey captures sentiment at a specific point in time, fundamentals like improving earnings outlook are mentioned but do not override investor caution. The key number to watch is the pace of FII selling in the coming weeks.
Coverage: 2 sources, 2 neutral
Sources (2): ndtv.com (neutral report), newindianexpress.com (neutral report)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
