They sold 10,173 crore shares during the week. On Friday, the flow of FII was Rs 1,926.8 while domestic institutional investors cost Rs. There were 3,896 crore net buyers.
Commenting on current trends, VK, Chief Investment Strategist of Geojit Investments. Vijay Kumar published India’s underperformance against his global colleagues in the last six weeks. “This is an underperformance despite the purchase of DIIs aided by strong flow in mutual funds,” he said.
“In August Gust, from 1st to 14th, FII exchanges have sold equity for Rs.
The IT index has been consistently selling FIs in IT stocks, although banking and financial reasonable evaluation and institutional purchases have been relatively resilient, they said.
Going forward, FII activity will be influenced by the action on the tariff front, he added, adding that the U.S. And the latest news to ease the tensions between Russia and no further restrictions on Russia suggests that the secondary tariff of 25% imposed on India is implemented after August 27. “This is a positive factor. BBB,” he pointed to.
US President Donald Trump and his Russian equivalent Vladimir Putin are expected to calm down in the markets on Ukraine. Although Donald Trump and Vladimir Putin did not deal with Ukraine to end Russia’s war, Putin claimed that the two had reached “understanding”.
There was no ceasefire between countries (Russia-Ukraine) fighting at a three-hour meeting between the two heads in Alaska, but Trump called it a “very good meeting”, though he said there was no deal until the deal was made.
Also read-understand: How can the Nifty, the Sensex may respond to the Trump-Putin negotiations and Modi’s GST tax improvement on Monday?
Until July, FII has been a net seller on four occasions on a monthly basis. The highest amount of FII in January was Rs. 78,027 crore was seen, and in February, Rs 34,57474 crore was sold. In March and July, they paid Rs. 3,973 crore and Rs. 17,741 crore shares were sold. They cost Rs. 4,223 crore, 19,860 crore and Rs 14,590 crore in June.
The Indian frontline indicators ended with a weekly benefit of over 1%, ending their six-session.
Swastik Investmart’s research head, Santosh Meena, said that extreme oversold conditions and supporting global signals removed the spirit of investors, though the velocity was mute due to continuous foreign flow. He added that the re -recovery was achieved in broader markets in the fields led by pharma and auto stocks, though FMCG is behind, he added.
From a technical point of view, the Nifty has established a strong base at the level of 24,350, which creates a booming candlestick pattern on a weekly chart, said Mina. “The immediate resistance is cluster around 24,700-24,800 around 20 and 50-day moving average (DMA). The crucial break above this level can lead to a short cover rally 24,950, 25,080 and 25,225. The immediate support is at 100-DMA of 24,575,” it is 24,350.
(Connection: The recommendations, suggestions, opinions and opinions provided by experts have their own. This does not represent opinions of economic time)
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