FIIs follow 'sell in May and go away' mantra ahead of election results with Rs 25,600 crore sell-off
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Foreign institutional investors (FIIs) sold Indian stocks worth Rs 25,600 crore in May, aligning with the 'Sell in May and go away' adage. The sell-off was driven by increased net shorts in index futures, outperformance of Chinese stocks, concerns about high valuations, and weak earnings in the financial and IT sectors. The FII activity in June will be influenced by the election results to be announced on June 4th and the market response to that. Positive factors for the Indian economy, such as strong GDP growth, manageable inflation, political stability, and the expectation that the RBI is done tightening monetary policy, may lead to a turnaround in FII sentiment.
#Fiis #Selloff #IndianStocks #ElectionResults #ChineseStocks #Valuations #Earnings #FinancialSector #ItSector #GdpGrowth #Inflation #PoliticalStability #Rbi #MonetaryPolicy
https://m.economictimes.com/markets/stocks/news/fiis-follow-sell-in-may-and-go-away-mantra-ahead-of-election-results-with-rs-25600-crore-sell-off/articleshow/110619874.cms
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