D-Street stares at rising FII outflows once again; should investors worry? Anil Singhvi explains
Even as the FII sale in the Indian equities has intensified again, the markets now don't see much panic and a chance of higher sell-off.
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Foreign institutional investors (FIIs) after a likely slowdown in their selling spree, with just Rs 793 crore net sale in Thursday's session have again upped their selling in Indian equities. In the previous session, foreign investors have net sold equities worth Rs 4,488 crore in the cash market.
Here's how Anil Singhvi interprets FIIs move
Zee Business Managing Editor Anil Singhvi said that the latest increased FII selling in the cash market is surprising. Nonetheless, on a net-net basis, FIIs buying was to the tune of Rs 750 crore in the cash, index and stock futures.
Further, the market guru held that despite an increased FII sell, confidence has grown due to increased buying to the tune of over Rs 6,000 crore by DIIs or domestic institutional investors.
Also, Singhvi mentioned that there has been no panic selling by foreign investors.
Should you 'buy on dips' as Nifty50 stays safely above 22,300?
On taking positions and adopting the 'buy on dips' strategy, Anil Singhv said until the Nifty closes below 22,300 levels, buy on dips can be resorted to. Also, he noted that even as global cues remain highly uncertain with President Donald Trump's tariff irregularities, the market now has come out of the panic zone and also doesn't face the risk of huge drawdowns going forward.
Also Read: Sensex rises 900 points, Nifty crosses 22,700; all sectors in green; Here's why
Indian market short-term outlook as deciphered by Anil Singhvi
Market wizard added that the only dilemma Indian markets confront now is that as and when investors exuding full confidence will consider buying into equities, there may be seen selling, And in the case when investors' mood turns sour, there will be seen recovery in the markets.
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