Nifty correcting despite big buying by institutional investors
The US Fed’s rate decision, more importantly the Fed commentary on Wednesday night, will decide the trend in the US market, he said.
The US Fed’s rate decision, more importantly the Fed commentary on Wednesday night, will decide the trend in the US market, he said.
FIIs have lost in this tug of war with DIIs since the market has been scaling new highs despite FII selling, he said.
The overall high valuations of the market is creeping into PSU stocks too
The assets under custody (AUC) for FIIs stood at Rs 68.04 lakh crore as of February 15, of which Rs 62.84 lakh crore were in equities.
Foreign institutional investors have net sold over USD 3.5 billion worth of shares so far in 2024.
This week is likely to be volatile but a rally is likely soon. FIIs have already turned buyers. FII and DII money flows can trigger a large-cap led rally, says V K Vijayakumar,
The concerns triggered by the ongoing Israel-Hamas conflict had resulted in the creation of big short positions in the market, and now these shorts are being covered pushing the markets up, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The US 10-year bond yield climbing to a 10-month high of 4.54 per cent and the dollar index spiking to…
On a year-to-date basis, 59 per cent of BSE-200 constituents declined, as Future Retail and financial stocks like Canara Bank, Bank of Baroda, and Punjab National Bank were the major laggards, said the report titled 'India Strategy - NOV'20: The Eagle Eye'.
During the trading session, S&P BSE Sensex index rose as much as 309 points to hit 39,361.06.
