Amid February derivatives expiry this week and with most of the shorts already being covered, there seems to be too little fuel in the engine to drive past 12,300, Anand James of Geojit Financial Services told Moneycontrol
Noting that USD 2 billion fund outflows by foreign portfolio investors (FPIs) is only a temporary phenomenon, James said "with the US rate hike roadmap becoming less clear, and with no major FDI destinations emerging, India should remain a favourite among global investors".
Response on food inflation by Anand James, Chief Analyst, Geojit Comtrade.