Weekly Market Quote: Anita Gandhi, Whole Time Director at Arihant Capital Markets

"During the week, weakness in the indices continued with rupee becoming weak & crude prices rising. FIIs continued to be net sellers in the Indian Equities, however DIIs gave good support with positive flows. Result season is approaching & in our opinion FIIs would come back with positive flows if results are in line with expectation. This correction has helped to some extent in the valuations adjustment. One needs to closely watch FII flows going ahead".

Source : Equity Bulls

Keywords