Hello Everybody, today Markets were flat. It was a Diwali week with fireworks in the Market and high expectations with the new incumbent Narendra Modi.The Markets had a Bull Run and reached stratospheric levels. That was last week. The commentary follows, Foreign Institutions have been pouring money into the Indian Markets. The total Foreign Investments in Equity segment in Asia from January to May 26th 2014 is USD 18.8 Billion. In that, India’s share is usd 7.8billion, Taiwan usd 6.3 billion and Indonesia is usd 3.6billion.
Thai equities were sold due to political risk. Mutual funds continue to purchase Indian Equities, Institutional Investors are slightly positive on China as well with it announcing better manufacturing numbers in May. Markets have reacted till now as Foreign Institutions are net sellers in equity in the four out of the previous five trading sessions.IT stocks which were down, today improved.Asian Stocks rose amid cues from US Economic indicators, and expectations of some policy action from the European Central Bank at its June 5 meeting. Start TRADING & INVESTING now, on account of corrections that have happened. HAPPY TRADING & INVESTING. See you next week.
