Serv Pvt. Ltd, attributed the December drop to profit-booking, a shift in sector preferences toward IPOs, and a pullback of foreign portfolio investors (FPIs) in anticipation of a stronger dollar and a weaker rupee. "Large-cap stocks were sold off to fund investments in IPO-related opportunities for better returns," Choksey explained. "I believe growth concerns are overblown, and see this as a buying opportunity."
Deepak Jasani, head of retail research at HDFC Securities, concurred, citing FPI net selling driven by year-end considerations and disappointing macro data, particularly weak corporate earnings. "Much of the FPI inflow has been diverted to the primary market, putting additional pressure on the secondary market," he added.
Denne historien er fra December 25, 2024-utgaven av Mint Ahmedabad.
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Denne historien er fra December 25, 2024-utgaven av Mint Ahmedabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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