Overall, analysts maintain a positive yet cautious stance as Nifty 50 is set to retest its record high level, but there could be bouts of intra-day volatility. A possible breakout attempt for Nifty 50 above 22,150 could lead to an uptrend to inch towards 22,500+.
FII outflow from financial stocks was Rs 3,549 crore during September 15 to 30 and Rs 1,231 crore during October 1 to 15. As of June, FII ownership in Industrial stood at 8.2 percent, about 1.8 percent higher than industrials weightage in MSCI India
The sustained rise in the US bond yields, high crude oil prices and stronger US dollar have triggered continuous FII selling. DIIs, on the other hand, continue to receive good fund inflows, and so long as the Indian economy continues to do well, fund flows into DIIs will sustain, say experts
After turning net buyers in the cash market after around eight months, the Foreign Portfolio Investors (FPIs) have now also become net buyers of debt so far in August. Get more Markets News and Business News on Zee Business.