Domestic institutions net sellers in 8 out of 12 trading sessions in July
II buying has completely overwhelmed DII selling resulting in the 550 point rally in July. In India, he said, "we have the extra push being provided by the sustained FII flows. In July FIIs have been buyers in 11 out of 12 trading sessions and have invested Rs 15156 crores through the stock market alone, excluding bulk deals".
Domestic institutional investors (DII) were sellers in eight out of the 12 trading sessions with a net sell figure of Rs 7,868 crore, according to V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
II buying has completely overwhelmed DII selling resulting in the 550 point rally in July. In India, he said, "we have the extra push being provided by the sustained FII flows. In July FIIs have been buyers in 11 out of 12 trading sessions and have invested Rs 15156 crores through the stock market alone, excluding bulk deals".
“Market experience teaches us that it is difficult to sell at the top and buy at the bottom. So, a strategy of selling now to buy when the market corrects may be risky. However, considering the high valuations, investors may consider some profit booking if that helps in the realisation of some planned financial goals,” he added. x
He said the market continues to be resilient supported by favourable global set-up and sustained FII inflows. It is important to understand that the ongoing global market rally is primarily driven by the strength of the US economy, which is, so far, showing no signs of recession that the markets had feared and discounted in 2022.
The recent corporate results from the US have been better-than-expected enabling continuation of the rally.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Tata Motors, Muthoot Finance and 3 more: Axis Direct recommends buying these stocks for 2 weeks; check targets, stop losses
11:44 AM IST