Mumbai: Geophysical tension between India and Pakistan, in the backdrop of Pahalgam terror attack, trade trends by foreign funds, quarterly results by companies in India and the US, and business trends in American markets will decide how investors behave in trading week on broker street.
After the unstable nature of Indo-Pak relations, especially after suspicious support from terrorists by Pakistani actors, took its toll in the market on Friday, pulling the sense and Nifty down by about 0.8%, while mid and smallcap stocks were also worse. The sales of the day also eliminated the assets of more than Rs 8 lakh crore. If Indo-Pak tension continues and increases on the border, the market may be more negative, brokers and traders said on Sunday.
Surprisingly, foreign funds are placing a big bet on India despite tension on the border. In the last eight sessions, foreign portfolio investors (FPI) NET bought Indian shares worth about Rs 32,500 crore. According to VK Vijaykumar, the main investment strategist, Jiojit investment, a different trend in the FPI strategy in India is reversed. Many blue-chip companies announced the results in the week.
