FIIs snap five-day selling streak in Indian shares

Foreign investors bought 107.5 million rupees worth of Indian shares on Thursday to snap

RELATED ARTICLES

their five-day selling streak totalling $542 million in secondary markets, provisional exchange and regulatory data shows.

Analysts say with Nifty taking support at 200 day moving average, any follow up buying by foreign institutional investors (FIIs) will help reverse the short-term trend which had turned down.

The Nifty took support at its 200 day moving average for a third consecutive day on Thursday.

"The recent bout of FII selling is more related to global factors of tapering and China slowdown, not due to India issues," said Premal Madhavji, head of equities at Espirito Santo Securities

Most likely outflow are those of short-term ETF money, not long only selling, Madhavji added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Amit Shah deserved to be crowned President of India, some say

    The Bharatiya Janata Party is now firmly in the hands of Modi’s alter ego, which in plain English means ‘another side of oneself, a second self’

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Necessary yet inadequate boost to education

The finance minister, in the very first minutes of his ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture