For India, both domestic and global news have not been too conducive. These are short-term disruptions, but they would not continue for a long time. In recent times, it has been hovering in the negative territory.“This is largely related to the PSU banking stocks which have been ruffled with news flows and developments related to one of the largest PSU banks. Going forward, there will be a reversal in the trend along with a fresh flow of inflows from domestic institutional investors, he said.“Considering the Rs 12,000-13,000 crore inflow to the equity market through the SIP route, we do not think one needs to be too cautious. We will also see some reversal in FII flows soon,” Sharma said.

Source: Economic Times March 09, 2018 05:03 UTC