After The Spike Comes The Correction
After making sizeable investments in the Indian market, which was the main driving force behind the robust rally, FIIs have now started to turn into net sellers after a long period of time
After making sizeable investments in the Indian market, which was the main driving force behind the robust rally, FIIs have now started to turn into net sellers after a long period of time
The Indian benchmark indices experienced a sharp rally, soaring around 12-13 per cent during the April-July period as foreign investors persisted in demonstrating faith in Indian equities while recognising the Indian market to be stable and reliable due to the country’s improving macroeconomic outlook and the anticipated stronger corporate earnings’ season. However, the indices are witnessing a correction as foreign investors started booking profits after making sizeable investments earlier.