N Sethuram, CIO, Daiwa Mutual Funds citing his views and outlook for the market said that recent market rally was based on the USD 1 billion plus money which the FIIs brought in over the last one week. The flow of FII is likely to determine the movement of the market ahead.
However, he feels that the overall the macro economic situation in the country is still not so great. "Growth is slowing down, inflation continues to remain quite high and the way it looks like - itDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
