Equity strategist Kranthi Bathini of Wealth Mills Securities, said as the FIIs have already withdrawn a substantial amount of funds from the Indian market already, the selling pressure is going to be limited.
Foreign investors have resumed selling Indian equities in September, with FPI outflows crossing Rs 23,000 crore through September 19. Higher crude prices, elevated US bond
Indian equities extended their recovery, with Nifty gaining 0.33% as moderation in crude and global yields supported sentiment. Sensex slipped 0.03%, while broader markets outperformed.
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