STOCK DOCTOR
dr gs sood
FII’s quest for market
The
market has increased by more than 20 per cent since the year began,
mainly driven by foreign institutional investment (FII) inflows that
exceeded US$19 billion (around Rs 1 lakh crore). However, I am unable to
find an explanation for such a stellar performance of the Sensex with
the economy going down or at least showing no signs of a significant
revival. Is it because of the fact that abundant global liquidity is
resulting in risk-taking, leading to massive inflows into the Indian
market? Also, it is worth noticing that this has not caused a bull run,
with only very selective sectors and stocks reaching new highs, with
their growth being driven by noticeable FII activity. So, does it mean
that domestic institutions and retail investors have been sellers and
are not able to see what the FIIs have been banking upon? READ MORE
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