Fiis have been supporting the Indian market with inflow of approx USD 9.1 billion this year and we need not fear this as Life insurance corpn is going to invest more than USD16 Billion in coming next year. FIIs have pumped in more than USD 700 million in this month alone.
Nifty Update
Surge in market has been seen due to liquidity availabilty across the globe. However retail investor has been left out of the rally as the rally has been fast and quick. Psychological barrier of Nifty5000 has also been touched which met with selling pressure. However coming week we have to be cautious due to a curtailed week and derivatives expiry.
Central bankers globally including the RBI in India are asking people to be cautious. We may se some action in global markets in coming days due to G-20 meeting, which is due in the later half of the coming week.
As a parting note one has to be cautious in the coming week as probability of some downward correction from the higher level appears high.
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