FII selling may halt Nifty march, says Anil Singhvi; throws light on negative triggers
One of the major concerns in the stock market is the selling trend by the Foreign Institutional Investors (FIIs) in the cash segment. The trend has been observed on the days of a market rally or even during consolidation periods. The FII selling has been to the tune of Rs 12000 cr in the last 7 trading sessions
One of the major concerns in the stock market is the selling trend by the Foreign Institutional Investors (FIIs) in the cash segment. The trend has been observed on the days of a market rally or even during consolidation periods. The FII selling has been to the tune of Rs 12000 cr in the last 7 trading sessions. In the absence of any buying activity, how much could this affect the markets? Zee Business Managing Editor Anil Singhvi decodes the phenomenon for viewers.
The Managing Editor said that it was difficult to understand what is prompting the FIIs towards this trend and if they are waiting for specific triggers to start buying again in the cash markets.
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FIIs की बिकवाली से बाजार की तेजी पर लग सकता है ब्रेक !
अनिल सिंघवी- FIIs ने घटाई लॉन्ग पोजीशन.... बिकवाली के आंकड़े आज के लिए निगेटिव संकेत, बिगाड़ सकते हैं मार्केट का मूड#EditorsTake #FIIs #Nifty #BankNifty @AnilSinghvi_ pic.twitter.com/YgS1l9gTwx
— Zee Business (@ZeeBusiness) September 30, 2020
He however said that it was a different thing if the fund managers were seeing bigger investment opportunities in the US markets. He said that he did not see any other reason for this one-sided trade by the FIIs.
The FIIs have sold shares worth Rs 12000 cr, though with a small buying activity in futures and options. The figures emerging today do not show optimism, either, Singhvi said.
He also said that the long positions taken by the FIIs in the index has reduced from 58 per cent to 52 per cent. Both Nifty and Bank Nifty did not see any negative triggers on Tuesday. The 6 per cent reduction in long positions indicate discomfort among the FIIs.
They are not ready to buy at higher levels, he further said.
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The Market Guru said that this was the lone negative for the domestic markets today and all other indicators were positive.
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11:47 AM IST