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The Market Podcast | It is a sellers market! Deploy 10-15% cash at lower levels: Neeraj Chadawar of Axis Securities

Foreign institutional investors (FIIs) who were consistent buyers in Indian markets for the past three months have turned net sellers in the domestic market, says Chadawar.

January 29, 2021 / 05:06 PM IST

The expectations are running high ahead of the all-important Budget 2021, but given the fact that most of the positives are priced in, it has become a ‘sellers market’ ahead of the Budget thanks to weak global cues, Neeraj Chadawar, Head - Quantitative Equity Research, Axis Securities said in The Market Podcast with Moneycontrol.

“Investors are advised to stay cautious and sit of 10-15% of cash to be deployed at lower levels. The market will provide better entry points in the next couple of weeks as the current set up seems to be a seller's market,” explains Chadawar.

Foreign institutional investors (FIIs) who were consistent buyers in Indian markets for the past three months have turned net sellers in the domestic market, says Chadawar.