In the first half of July, Information Technology stocks saw significant foreign outflows. Overseas investors sold shares across nine sectors. Fast Moving Consumer Goods and auto sectors also experienced withdrawals. Services and metals sectors witnessed inflows. India benefits from China’s rare earth metals retaliation. Base metal prices are rising. The auto sector may face challenges. FMCG might find buyers.
Nifty’s 5-day fall may be nearing a reversal; Anand James maps key levels for this week
The consecutive falls that resigned Nifty to a close below lower bollinger band on Friday raises the prospects of a mean reversion move. Further, 20-week