Sharp decline in FII selling coupled with large buying by DIIs can support By Dr. V K Vijayakumar, Geojit Financial
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Below are Views On Sharp decline in FII selling coupled with large buying by DIIs can support By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Sharp decline in FII selling coupled with large buying by DIIs can support the market and even take it higher. But there are many concerns like surge in Covid cases, particularly in economically crucial Maharashtra, appreciation in US 10- year bond yield above 1.7% and the dollar index moving up to 92.8 levels. DIIs and retail investors are likely to be buyers in bankng, IT, cement and metal stocks which look attractive at present levels. Year-end considerations also are likely to lead to further DII buying.
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