Thursday, October 11, 2018

Fiis continues to net sell in cash market, expect gap down opening today

Fiis have net sold for Rs 1095 Cr in cash market yesterday. Diis have net bought for Rs 1893 Cr in the same segment. Despite Fiis net selling Sensex gained 461 and Nifty 159 points. All sectoral indices too ended in the green, due to short covering rather than value buying.

World markets ended in red yesterday, Dow and Nasdaq were down by more than 3 percent. Rising interest rates, potential impact of trade war and tariffs on corporate profits and on the global economy weighed high in yesterday's sell off.

No comments:

Post a Comment