1 month, 2 weeks ago

Sensex, Nifty snap losing streak to open higher, but FII selling remains concern

Benchmark stock market indices broke their losing streak to open higher on Tuesday, driven by gains in auto sector stocks in early trade. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said that the market is oversold, largecap valuations are fair and short positions in the market are high. But the real issue is the relentless FII selling in the cash market which has touched 43200 crores in February so far. Bharti Airtel also performed well, climbing 1.51%, while Bajaj Finance added 1.30% and IndusInd Bank rounded out the positive performers with a 1.15% increase.

India Today
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Stocks to buy or sell: Dharmesh Shah of ICICI Securities suggests buying HAL, PFC today - 1 April 2025
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