Sustained FII selling leading to volatility: Geojit Financial Services
There is panic fear among overseas investors, who themselves are faced with heavy redemption pressures in their home countries.
By ET Online |
���I don't think we can forecast a bottom for the benchmark index or how soon we will hit rock bottom. What I am seeing is sustained FII selling and lack of support from domestic institutions such as mutual funds and insurance companies who are sitting on cash to meet redemption pressures."
" There is panic fear among overseas investors, who themselves are faced with heavy redemption pressures in their home countries. These (sustained outflows) will have to end for the market to stabilise and SEBI's proactive measures on P-notes to come into effect,��� said Geojit Financial Services��� Managing Director, CJ George, of the Sensex breaching the 10K mark.
" There is panic fear among overseas investors, who themselves are faced with heavy redemption pressures in their home countries. These (sustained outflows) will have to end for the market to stabilise and SEBI's proactive measures on P-notes to come into effect,��� said Geojit Financial Services��� Managing Director, CJ George, of the Sensex breaching the 10K mark.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
