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Weekly Dossier | Saurabh Mukherjea, Neeraj Chadawar & others on market trends

FPIs have been selling for the last five consecutive sessions and have taken off more than Rs 12,000 crore from the Indian market.

January 30, 2021 / 11:19 AM IST
Representative image | Source: Pixabay

Representative image | Source: Pixabay

Indian markets seem to have developed cold feet ahead of the Union Budget 2021 as the equity benchmarks continued to decline for the sixth consecutive session on January 29, the opening day of Parliament's budget session.

In the last six sessions, the Sensex and the Nifty have slipped 7 percent and wiping out Rs 11.6 lakh crore of investors' wealth. Foreign portfolio investors (FPIs) have been selling for the last five sessions and have taken off more than Rs 12,000 crore from the Indian market.

Well-known market voices have shared their thoughts on markets, areas of opportunities and sectors. Here are some of them:

Saurabh Mukherjea, Marcellus Investment (to CNBC-TV18)