One can expect markets to consolidate for some time here, which can mean interim corrections of 5-7% on Nifty. However, we remain overall quite bullish with a 12-month plus perspective. We believe the next decade is of India.
So, as such also there is so much liquidity chasing stocks. These stocks had some value after the correction they had seen and that is what you have seen. I do not see any reason for these to come off sharply. From here, they should kind of be market performers.
FPIs extend buying streak in Indian equities in June: NSDL zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
BENGALURU (Reuters) - Foreign portfolio investors (FPIs) continued to buy Indian equities in the new financial year, having purchased shares worth 131.24 billion rupees ($16 billion) on a net basis in the first half of June, data from the National Securities Depository Ltd (NSDL) showed on Wednesday.