There are as many as 22 stocks on BSE where FIIs hold 40-70 percent stake. These include UPL, NIIT Technologies, HDFC Bank, Bharti Infratel, ICICI Bank and Mindtree
Sector rotation is normal and is done to change or rebalance the portfolio, suggest experts
The real interest rate differential is shifting in favour of the US market, making the latter a relatively-attractive destination for the portfolio flows.
There is no doubt that the Indian equity market is in a structural bull market that has the potential to create wealth for investors is the word coming in from Vikas Khemani, President & CEO, Edelweiss Securities.
Nipun Mehta, Founder & CEO, Blue Ocean Capital Advisors is of the view that market is currently consolidatng and it is possible for the Indian benchmark indices to see a 3-5 percent upmove or down move.
Rishav Dev of Quant is not too worried about the decline in fund flows in September. He says maybe the magnitude of flows has slowed, but it is inflows nonetheless. Moreover, he adds, global factors are in India's favour.
Desai expects the Sensex to rally as high as 33900, but with some conditions- the government continues to work on it fiscal consolidation path and the Fed doesn‘t take an disruptive policy action.
The Indian rupee opened at 60.44 against the dollar today and this steady level is likely to sustain until the year-end, says Pradeep Khanna, managing director & Head- FX Trading, HSBC India.
â€œWe are still concerned in the coming weeks and months that higher US treasury yields will reduce the flow of capital to India and other emerging markets. And on that basis, we still see some downside risks in the weeks and months ahead,â€ he told CNBC-TV18‘s Reema Tendulkar and Ekta Batra.
With the parliamentary election polling schedule announced last week, the markets would be very sensitive to the slew of voter polls which would be aired on the various media platforms.
The big positive has been the current account deficit hitting a 4 year low, she said, adding, rising exports is an important trend. Going forward, she feels the policymakers should work on agricultural productivity.
Nifty could trade between 6200-6500 levels and the moment it crosses 6500, it may have steam left for another 150-200 points says Deven Choksey.
On a weekly basis, the Sensex lost 619.71 points, or 2.93 percent. This the worst show since the 1,138.11-point plunge in the week ended August 2, 2013.
The fundamentals tend to get ignored during F&O expiry week as the F&O dynamics take over and dictate the direction of the markets.
CNBC-TV18's Latha Venkatesh caught up with the senior management of Axis Capital on the sidelines of the Axis Capital Investors conference.
CNBC-TV18's Udayan Mukherjee feels that the focus of the market could be back on the global news from the US Federal Reserve, emerging market inflows as these will drive them ahead from here.
In an interview to CNBC-TV18, Deven Choksey, MD of KR Choksey Securities presents his outlook for the market going forward. He also cites the reasons for the large amount of FII buying in the past few days.
Speaking to CNBC-TV18, UR Bhat, managing director, Dalton Capital Advisors says emerging markets (EMs) have been huge beneficiaries of the US Federal Reserve's Quantitative Easing (QE) seen for the last several quarters.
HCL is the only IT company that has gained from rupee depreciation and Sun Pharma can see a 10-15 percent kind of an upside from current levels
The market had now become reliant on local economic data and news than on US Fed's announcements, believed Prabhat Awasthi of Nomura Financial Advisory and Securities. He also said that the Sensex may touch 21,700.
Overseas investors pulled out Rs 44,162 crore from the Indian capital markets this month over concerns on the depreciating rupee. The net investments withdrawn in June include outflows worth Rs 33,135 crore from thedebt securities.
Ananth Narayan, Standard Chartered Bank expects rupee to continue trading in the range of 58-61 per dollar. According to him medium-term trend will remain murky for rupee and thus positive news on the growth side is required to increase the FII Flows.
Kamath believes in 12-18 months time growth will be back to normal, to the levels India has got used to.
According to Nirmal Jain, chairman of IIFL, retail investors have follows the FIIs and instiutional investors in general but only when there is a broad based rally.