Synopsis
“From October 1 to now, Rs 270,000 crore were taken out by FIIs. DIIs occupy introduced in Rs 200,000 crore. Up till April, we were only down about 2.5% within the final seven months, but Can even has been pretty cruel and possibly sideways markets in India and negative markets in a foreign country is the supreme case scenario upright now. It’s time to be very cautious in these markets.”ETMarkets.comMarket Expert Ajay Bagga“I in actuality were cautious for the final eight weeks. I’d composed live cautious. There isn’t any silver lining upright now. This era must be undergone. The honest thing is in India now not lower than the financial dynamics are honest,” says market skilled Ajay Bagga.
How would you characterise the week passed by? There is a sense that the tide in actuality looks to be turning and that this may maybe now not be a tempo bump but pretty changing the total undertone of the equity markets. Your accumulate out about?
Nasdaq has lost bigger than 20% and so pretty clearly it is miles a rollercoaster of a market. At events, we are seeing titillating reactions on each side as we noticed on Wednesday and Thursday within the US market. So it is miles a in actuality unstable market with a in actuality enhanced VIX also which is pointing in direction of a enormous quantity of volatility. Globally, the economies are slowing down. C
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