FIIs turn net buyers for six days in a row, buy Rs 4738 cr in Indian equities
时间:2024-06-26 13:50:29 阅读(143)
After selling in December, January and February, FIIs have now seemed to reverse the trend, turning net buyers for the last six trading days in a row. FPIs have net purchased Indian equities worth about Rs 4,738 crore in the last six trading days. As this trend gathers momentum, FIIs have been buying in autos, financial services, capital goods, metals and mining but have been selling IT. Experts believe that the period of sustained FII selling might be coming to an end.Factors driving FII inflows
FIIs have returned to the domestic equity markets as the dollar index declines and the American bond yields soften. Additionally, the rupee has appreciated, to fall under the 81.75 level. With the latest correction, Indian valuations have also turned attractive. FPI inflows will be heavily influenced as a result of the Q4 earnings season that is set to begin 14 April onwards. According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “more money is likely to flow into financials, capital goods and autos and auto components”.
Derivative Outlook“FIIs increased their future index long position holdings by 7.51%, increased future index shorts by -0.68% and in index options by -48.10% in Call longs, -40.29% in Call short, -51.40% in Put longs and -63.79% in Put shorts”, stated Anand James, Chief Market Strategist, Geojit Financial Services.
Outlook for Nifty, SensexWhile the markets have seen an upward bias for five sessions, excluding Monday’s day of trade, traders will exercise caution and remain guarded. This is a result of the interest rate hike cycle and the hawkish stance perpetuated by central banks across Europe and US. However, if FII buying remains upbeat and upcoming economic and industry data is positive, the current optimism could continue further, said Prashanth Tapse, Senior VP (Research), Mehta Equities.
猜你喜欢
- LTIMindtree to replace HDFC in Nifty 50 index from July 13
- Lok Sabha Elections 2024- Election Commission to visit states from January 7, evaluate preparedness
- Adani Power, HAL among 81 stocks to hit 52-week high on BSE, LIC and 44 other scrips at fresh lows
- Adani Group stocks, HPCL, Happiest Minds, MOIL stocks in focus
- Share Market Highlights- Nifty settles below 19700, Sensex below 66050; Pharma, Metal stocks tank, while PSU Bank, Auto stocks shine
- Share Market Highlights- Nifty 50 settles shy of 18400, Sensex jumps 300 pts; Bank Nifty above 44000, up 275 pts
- 5 realty hotspots in Gurugram with promising investment potential
- SGX Nifty up, global cues, Aether Industries IPO, stocks under F&O ban; key things to watch on 25 May 2022
- Share Market Highlights- Nifty settles below 19750, Sensex tanks 880 pts; Bank Nifty below 46100, Infosys, IT stocks fall