12-09-2023 02:37 PM | Source: PR Agency
Quote on' Why FIIs are selling in local markets' from Kedar Kadam, Waterfield Advisors
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Below the quote on why FIIs are selling in local markets from Kedar Kadam, Director - Listed Investments, Waterfield Advisors.
"In our view, the FII selloff is primarily driven by Rising US Treasury yields & Strengthening USD. Going ahead, we expect some profit booking to emerge soon. Some risks to this market rally include inflation, erratic weather conditions, rising crude prices, slowing global growth & resultant impact on domestic exports, escalation in geopolitical tensions.
Having said this, we remain optimistic about long term earnings growth prospects of corporate India and the economy. Hence any correction in the market on account of profit booking will be an opportunity to add more."
Having said this, we remain optimistic about long term earnings growth prospects of corporate India and the economy. Hence any correction in the market on account of profit booking will be an opportunity to add more."
Above views are of the author and not of the website kindly read disclaimer
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