This was in stark contrast to their positions a decade ago when FPIs were bullish on the local market and invested ₹75,784 crore in the 12 months to May 2014 while domestic funds were net sellers of ₹18,858 crore worth of equities. Major reasons for the FPIs’ bearish stance this time around include discomfort with the financial stocks amid regulatory actions, attractive valuations in the Chinese market and increasing US treasury yields.
Positive Breakout: These 9 stocks cross above their 200 DMAs
In the Nifty500 pack, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 24, according to stockedge.com’s technical scan data.