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Last Updated : Sep 08, 2015 09:40 AM IST | Source: Moneycontrol.com

Stay away from midcaps

Foreign institutional investors (FIIs) sold about Rs 800 crore but volumes are extremely low right now, so more than the aggressive selling, it is lack of buying that is hurting the market.


What a bad market we had yesterday? You could argue it was on low volumes; you could argue that it was on low deliveries or you could argue that this is may be the last leg of fall. The fact is that yesterday’s fall was quite bad because yesterday’s fall hurt portfolios. A lot of non-index largecap stocks, a lot of quality midcap stocks were going down yesterday. Foreign institutional investors (FIIs) sold about Rs 800 crore but volumes are extremely low right now, so more than the aggressive selling, it is lack of buying that is hurting the market.

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First Published on Sep 8, 2015 08:19 am
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