18th Nov 2015 14:30
LONDON (Alliance News) - New India Investment Trust PLC on Wednesday said its net asset value fell by 10.9% to 343.4 pence in the six months to September 30, which compared to a fall of 11.9% in the benchmark MSCI India Index. The ordinary share price fell by 13.1% to 306.0p.
"Indian equities slipped lower in the period under review as investors' risk appetites waned, especially for emerging markets, while the challenging state of the global economy steadily became more apparent," the trust said.
Shares in the trust were down 0.2% at 309.40 pence on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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