Anil Singhvi: Markets will see more selling in stocks where FII holding is higher
Zee Business Managing Editor Anil Singhvi said that markets have witnessed selling to the tune of Rs 11000 cr in last week. FII’s have been selling in markets since Feb 22nd 2021. Last week, Friday data, indicated Rs 8295 cr worth of selling by FIIs. Selling by FIIs is the only negative for the markets today, as they have been selling for the past few sessions, said Singhvi. It is important to monitor the the trend continuously now.
Singhvi indicates that last week FII sell data indicates the trend has been quite negative. However, the positive thing is, FII positioning in index long has reduced to 61% from 76%: Zee Business