Foreign Investors are selling. And continuously selling. (Last week, we saw the biggest FII outflows on a weekly basis in 2014 .) As the markets seem to have rebounded, FIIs have been selling. Now, for 11 days in a row: Note: Data till 22nd from SEBI. 23rd is provisional data from the exchanges. In general, the provisional number is around the same ballpark as the actual data which is released a day later by SEBI. This is the single longest selling streak by FIIs. It’s also taken December to a “sell” month, the first such month in 2014! On the less bearish note, if you take 20 day cumulative investments of FIIs in stocks, you have a graph that still shows you +5000 cr. for FIIs investments as of now: This tells you one thing – while the 11 day streak is scary, we aren’t really in lousy territory yet: Things could get worse!… (Read On…)
[via Capital Mind]
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