FIIs in 'PANIC buying' mode on Wednesday, Anil Singhvi says; calls it positive, expects some short covering on Thursday
Foreign Institutional Investors (FIIs) on Wednesday came back with a bang indulging in a buying spree in cash and futures markets. How will this play on Thursday’s trading session? Zee Business Managing Editor Anil Singhvi calls this a positive turn of events. He gives the complete picture saying that there could be fresh buying at lower levels along with some short covering
The FIIs invested Rs 2089 cr in cash market and Rs 4435 cr in the Futures and Options (F and O). They bought Index futures worth Rs 1372 cr while stock futures worth Rs 800 cr, the Market Guru said