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Action on Yes Bank a welcome step: Ridham Desai, Morgan Stanley

Friday, March 13, 2020, 3:45 PM

The foreign institutional investors (FIIs) are facing redemptions, so they are selling. They are adjusting their portfolios and are selling what can be sold, said Ridham Desai, head of India equity research & India equity strategist at Morgan Stanley. High quality stocks are falling and are getting hit the most because they are the ones that can be sold the most, he added.
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