Market Quote 30 May 2023 By S Ranganathan, LKP Securities
Below is the market quote 30 May 2023 By S Ranganathan, Head of Research, LKP Securities
On a day when the Volatility Index dropped below 12, it was an eventful trading session today as the month of May has witnessed cash market volumes surging towards a six-month high as the return of FII's pepped up domestic investors in search of Alpha in a month which defied the usual ' Sell in MAY and Go Away ' rhetoric. As markets shrugged away inflation, supply-chain disruptions and a slowdown in certain discretionary spends, buoyant FII inflows of Rs 450bn since April has powered the Bank Nifty to its yearly-high today ahead of the MSCI rejig tomorrow. The sight of 63K on the BSE SENSEX today was indeed music to Bulls who made Hay in May.
Above views are of the author and not of the website kindly read disclaimer
