FII equity selling in India continued in December, but at a slower pace. While they net sold Rs 656 crore through exchanges, FIIs invested Rs 17,331 crore in the primary market. This highlights their focus on long-term opportunities despite short-term concerns. FIIs have also heavily invested in the Indian debt market.
Nifty rally not sustainable on few big names, broader participation essential: Rahul Ghose of Hedged.in
The December weekly closing formed a neutral candle, reflecting indecisiveness in the market due to the holiday season. Short-term support is around 23,200–23,300, with potential
December 29, 2024