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Domestic institutions continue to book profits even as foreign funds have been consistent buyers since the beginning of this calendar. It is not clear what is prompting the local players to cash out: unsustainable valuations or redemption pressures?
See the chart below. All figures Rs in Cr. Duration: 1st Jan 2012 to 17th Feb 2012.
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Dont see mkt going anywhere now; like Bharat Forge: Dipen