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E-mail ID will not be published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

  • Media obsession with his layoff smacks of lack of focus

    Pretty much like his abrupt vanishing act had done 50-odd days ago, Congress vice president Rahul Gandhi’s return on Thursday from a long and myster

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Varun Dutt

<b>Riskfactor</b>: Oblivious to reality

The hostile media effect, originally deemed the hostile media phenomenon, ...

Zehra Naqvi

Sensual wordplay

The student of literature looks for form and structure. The ...

Bubbles Sabharwal

The bitter cold heart of life

Life has a heart just as we do. Most times ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture