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Long time After this, foreign investors have once again started selling in the Indian market. Let us tell you that in the last two days, foreign portfolio investors (FPIs) have sold stocks worth Rs 2,081 crore, indicating a decrease in buying. Market experts say that for the last three months, foreign investors were continuously pouring money into the stock market. FPIs had invested Rs 43,838 crore in stocks in May and Rs 47,148 crore in June.
Till July 21, foreign investors had invested a net amount of Rs 43,800 crore in the Indian stock markets. However, now they are pulling out. This is not a good sign. This may deepen the market decline. Anyway, for the last three days, the phase of decline in the stock market is going on. Due to this, the Sensex has lost about 1200 points. In such a situation, the small investor needs to invest in the market very carefully. The speed with which the market has touched the record high, correction can be seen at the same speed.
difficult for nifty to touch 20 thousand level
Chief Investment Strategist, Geojit Financial Services V.K. Vijayakumar said that FPI inflows have slowed down. This is a general reaction to a rising dollar index, which has risen from a recent low of 99 to a high of 101.4. Even though the Nifty is showing signs of resilience, it is unlikely to reach 20,000 levels in the next few days, given the rising dollar and declining FPI inflows. He said, Brent crude reaching $ 82 will be another pressure on the market.
Fed’s increase in interest rates will also have an impact
Globally, markets will keep an eye on the US Federal Reserve as rate hike of 25 basis points is already known. The first quarter results of Tata Motors, Bajaj Auto will come on Tuesday, and Axis Bank, Cipla, Dr Reddy’s, Bajaj Finance, Tech Mahindra on Wednesday. These results will affect stock prices and market sentiments. ITC shares declined for the second day after the hotel demerger was announced. The company is down over 2 per cent, while the BSE Sensex was trading 15 points lower at 66,368 on Tuesday.
Input: IANS
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