Today, we expect the market to open on a cautious note. Though a bounce back after yesterday's big fall is not ruled out, one must stay cautious amid persistent concerns over macro and micro factors. And if you are betting on the headlines that Ambani brothers will start talking and moving the markets soon, we wish them and you all the best. Sincerely.The best exercise is caution unless you are digging for some stocks which you are willing to hold till they turn into gold. That’s just a ray of hope we can give you on a day when you wake up geared for a weak start.
FIIs were net sellers to the tune of Rs5.46bn (provisional) in the cash segment on Thursday. Local institutions were net buyers of Rs3.45bn. In the F&O segment, the foreign funds were net sellers of Rs5.6bn. On Wednesday, the foreign funds were net sellers of Rs2.85bn in the cash segment. Mutual Funds were net buyers of Rs786mn on the same day.
