MARKET VIEW: Broader market tide is receding


Published On: Tuesday, October 26, 2021 | By:

MARKET VIEW: Broader market tide is receding

According to experts, there are two important trends in the market now. One, there is selling pressure in the broader market. While Nifty is up 1.52 % for the last one month, Nifty Small-cap is down 1.11%. Nifty Mid-cap is down 8% from its peak. Two, FIIs are continuously selling in the market; they have sold Rs 10300 cr worth equity in the last 5 days in the cash market. If this FII selling sustains that would be a major drag on the market. The 8% correction in the mid-cap space is not getting reflected in the large-cap indices. The run-up in many micro-caps and penny stocks has been totally irrational. There are clear signs of the broader market tide receding.

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