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Global cues making Sensex move, and FIIs getting bearish: A worry?

Global cues making Sensex move, and FIIs getting bearish: A worry?

Foreign institutional investors (FIIs), which were largely responsible for over 25 per cent rally seen in the BSE Sensex so far in the year 2014, have become net sellers of Indian equities in the last ten trading sessions.

As per provisional data, FIIs have sold net of Rs -6157.49 crore in the last ten trading sessions, while DIIs or domestic institutional investors remain net buyers with investments to the tune of Rs 4670.19 crore.

In line with other Asian as well as European markets, the Indian markets are also facing global jitters, which most analysts think are more of a short-term phenomenon and the broader trend remains on the upside.

Signs of recession in Europe, slowdown in China and uncertainty over the US Federal Reserve interest rate hike kept global investors on the edge over the past couple of weeks.

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