Bhasin said that he does see a sharper-than-expected correction in the second half of June, which will be a good time to exit some positions. However, he reiterated his belief of hitting 21,000 on the index anytime between July and September.
Foreign Institutional Investors (FIIs) offloaded equities worth a net ₹144.73 crore last week. This week, the market will be awaiting key inflation data from the US and India for clues on the rate hike trajectory of central banks.
Data from the National Securities Depository Limited (NSDL) has shown that Foreign portfolio investors (FPIs) offloaded Indian equities worth 150.68 billion rupees ($1.85 billion) in the first half of January, the most since the end of September 2022. aaa