RBI's rate hike triggered another round of massive unwinding as FIIs stepped up selling across the board in the last couple of days, taking the count to nine consecutive negative finishes on the broader indices. Wall Street was hit after weak economic data. Asian markets are trading mixed
Markets - On a weak turf
Indian markets are in an extremely pathetic situation with FIIs selling left right and center. Yesterday markets witnessed a sell-off to the tune of Rs 900 crore by the FIIs which was absorbed the DIIs.
Our worst fears are coming true as the US markets start correcting. But one should understand that Indian markets are in a oversold state.
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