Quote on Market by Karthick Jonagadla, smallcase Manager and Founder, Quantace Research

2024-06-25 06:09:49 pm | Source: PR Agency

Quote on Market by Karthick Jonagadla, smallcase Manager and Founder, Quantace Research

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #KarthickJonagadla

Below the Quote on Market by Karthick Jonagadla, smallcase Manager and Founder, Quantace Research

“The Sensex crossing the 78,000 mark reflects strong cash-buying activity in the market, driven by substantial investments from both FIIs and DIIs, who have collectively injected approximately Rs.28,500 crore into the cash markets over the last 11 trading sessions. This robust buying is further supported by a significant rise in SIP contributions, now at Rs.20,904 crore—a sevenfold increase since FY 2016-2017. The current market microstructure indicates that the 76,500 to 77,300 range could serve as a major support zone over the next two months with an optimistic market outlook”

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Quote on Market by Karthick Jonagadla, smallcase Manager and Founder, Quantace Research

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