Market Quote : Consistent participation by FIIs is the backbone of the current rally Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 17 August 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
Consistent participation by FIIs is the backbone of the current rally in the domestic market. This reversal in the FII trend is owed to the resilience showcased by the Indian economy even as inflation continues to plague the western markets. Declining commodity and oil prices also instilled confidence in foreign investors. Western markets were weak ahead of the release of the US FOMC meeting minutes"
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