Morning Market Quote : A major factor driving this outperformance is the return of FIIs into the Indian market Says Dr. V K Vijayakumar, Geojit Financial
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Quote on Morning market 01 September 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"A highlight of the recent market trend is India's outperformance among large markets. While the US, Europe and most large emerging markets have turned weak, the Indian market has shown surprising resilience. Since the Fed chief Powell's ultra-hawkish message last Friday the S&P 500 is down 5.8% while the Nifty is up 0.9%. A major factor driving this outperformance is the return of FIIs into the Indian market. It is important to appreciate the fact that the FIIs investment of Rs 4165 cr on Tuesday in the cash market is the largest buy figure in 2022. This is providing momentum to the market.
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