A big boom is impossible unless foreign investors stop selling in the market

AHMEDABAD: Indian stock markets have been volatile for the past one and a half months after touching record highs. However, market analysts believe that the market is unlikely to rebound unless foreign investors stop selling.

According to available data, foreign investors invested Rs. Sales of Rs 301.5 crore were undertaken. Earlier in October, he had spent about Rs. 5,000 crore has been sold. In the current month, foreign institutional investors have so far invested Rs. 15 crore while domestic institutional investors sold Rs. 17,200.50 crore.

The Nifty range is expected to remain bound until the end of this month, when foreign institutional investors will start allocating for 203. The market will continue to bounce behind the good-natured factors.

If there is no major threat on the Corona front, the country's economic activity will improve further. The RBI has made almost no changes to its recent inflation and growth forecasts and has ensured adequate liquidity in the system. With this the financial position of the government is mostly in good condition. Direct and indirect tax collection has been better than expected. These are all good signs for the economy.

But the dollar is getting stronger behind global events. Panic is also rife among global investors. As a result, their sales are increasing. Thus, there is no prospect of a big boom in the market until their selling stops.