The intense contrast – and surprisingly – domestic institutional investors (DIIs) have increased their purchase, turning into sustainable buyers on every trade day so far in June. Their accumulated purchase has reached Rs 25,510 crore, effectively offset by FII sales pressure. This strong DII support is helping to stabilize the markets despite global headwinds.
Analysts said that due to the narrow difference between the US and Indian bond yields, FIIs are also constantly being sold in the debt market. US Indian debt has made Indian debt less attractive, contributing to continuous flow.
Meanwhile, market sentiment gained great acceleration from the Reserve Bank’s unexpected monetary policy action. Central Bank lowered 50 basis point repo rate with a 100 basis point reduction in cash reserve ratio (CRR).
“The prospects of growth in the US and China are appearing unclear, as an elastic economy, which can grow more than %ara in the fiscal year, the only concern is high, which is a high assessment,” the only concern is to keep the railway continuing. “
Living events
Thanks to the trend of the pro -RBI, markets united for the third consecutive week, but managed to close the high.
Looking forward, investors are expected to monitor key macroeconomic data, especially CPI inflation and monsoon progression – both of which can influence rural consumption trends.
“Technical charts suggest that the Nifty is ready for a breakout above 25,200, which can open the door for further benefit,” said Ajit Mishra, SVP of Relief Broking Research. However, support remains strong at around 24,400-24,600.
Market experts suggest the “buy on dips” approach, with DII fluzing FII sales and a sign of confidence in RBI growth – while being cautious in the exposure to global headwinds.
(Disclaimer: The views given by recommendations, suggestions, opinions and experts are their own. This does not represent the views of the economic time)
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