Despite FII and mutual fund stake reductions, some smallcap stocks rallied. Netweb Technologies, Rishabh Instruments, and Ashapura Minechem gained significantly. These companies show strong financials like earnings growth and low debt. Geojit Investments suggests FII outflows are due to valuation differences. India’s economic recovery and policy measures may attract FIIs back. Market could rally, potentially reaching new highs.
US stocks: US market ends mixed as investors focus on Big Tech earnings
Wall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace talks with Iran. Major