The GIFT Nifty, an early indicator of how India’s markets are likely to start off, is indicating an 80-point downtick for the Nifty 50 index.
The Nifty 50 index had ended 80 points lower on Tuesday as well, as investors chose to remain on the sidelines, awaiting more clarity on the ongoing border tensions.
Foreign Institutional Investors have remained net buyers in the Indian equity markets now for 14 straight sessions, with another ₹3,800 crore net purchase figure on Tuesday.
Over the last 14 trading sessions, foreign institutions have poured in nearly ₹45,000 crore in to Indian equities.
In an interaction with CNBC-TV18, Arvind Sanger of Geosphere Capital Management said that foreign investors are less focused on the immediate risks and more on the macro factors. He did mention that immediate risks may cause knee-jerk reactions. “We are long-term believers in the India story,” Sanger said.
This story will be updated with more views from market participants.
