sensex in the present day: Inventory Market Dwell Updates: Sensex returns to black as Russia declares finish of Crimea army drills; Nifty above 17,400; Vedant Fashions extends positive aspects; Zomato up 4%, Paytm 3%

With de-escalation within the Russia-Ukraine tensions, the short-term fear out there has subsided, facilitating a rebound in markets globally. However the primary risk to the market – the Fed tightening- stays and can proceed impacting markets till US inflation exhibits a declining development. That is prone to maintain FIIs on the promote mode for some extra time.

An necessary takeaway from the capital flows and market traits is that FII promoting just isn’t impacting the market as a lot because it used to up to now. DIIs and retail buyers have been absorbing FII promoting and at the moment are a power to reckon with out there. Yesterday, DIIs purchased nearly double of FII promoting of Rs 2299 cr within the money market.

A discrepancy out there now’s that some prime quality financials, that are largely FII owned, have turn into attractively valued. This presents alternatives for long-term buyers.

— Dr. V Ok Vijayakumar, Chief Funding Strategist at Geojit Monetary Providers