Earlier when FIIs were net sellers, they had their reasons for high Indian market valuations but now, that concern has been solved given the flat performance by the market and similarly FII buying is back given the valuation comfort coupled with better economics and fundamentals of Indian markets.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.