Dii, Online game

Mumbai, March 5 The sharp exodus of foreign investors funds from Indian equity market has been compensated by domestic investors, said Motilal Oswal Financial Services (MOFSL).As per MOFSL report, FIIs continued to remain sellers in India as the global risk-off sentiment and the geopolitical situation have added to concerns of inflation, higher bond yields, and global rate hikes."This has resulted in $14.1 billion of outflows from the Indian market since Oct'21. This has been offset by DII buying of $16 billion over the same period."Besides, the report cited that current index correction masks the sell-off in the broader market.Accordingly, while the Nifty is down 10 per cent from its October 2021 peak, the broader market has seen a much sharper sell-off."Of the NSE 500 constituents, 37 per cent of the stocks are trading more than 30 per cent lower from their respective 52-week highs.""Of the Nifty constituents, close to 50 per cent stocks are now trading at valuations that are at a discount to their respective 10-year average."Furthermore, one-third of Nifty constituents are trading at a premium of more than 10 per cent versus its 10-year average, demonstrating the two-faced nature of the index on valuations.In addition, it pointed out that corporate earnings remain resilient, despite the challenges."The healthy earnings visibility can act as cushion in an otherwise fragile external situation. If the Russia-Ukraine conflict elongates and leads to elevated energy prices for longer, it may impact earnings estimates.""However, close to two-third of Nifty earnings are insulated or benefits from elevated energy prices, while one-third is adversely impacted."Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

DiiFOLLOW

Dii, Latest News

Vishal Shinde, a resident of Vasur village in Mukhed tehsil, has written a letter to popular film actor Ajay ... ...

New Delhi, May 3 The Nifty, after a weak run in the last four months, bounced back in ... ...

The Tamil Nadu government promulgated an ordinance to prohibit online gambling and regulate online games in the State and ... ...

New Delhi, June 19 While FIIs are on a selling spree in the Indian markets, domestic institutions, including ... ...

Online games are a huge craze among the youth. A disturbing incident has taken place in Hyderabad. A 16-year-old ... ...

New Delhi, May 12 Indian equity benchmarks extended their losses from the previous session and tanked sharply due ... ...

Maharashtra government is likely to make major changes in the laws soon to curb online game fraud. Online games ... ...

Mumbai, March 5 The sharp exodus of foreign investors funds from Indian equity market has been compensated by ... ...