Indian equities are likely to extend the slide started early this month on concerns of inflation and FII selling as Dalal Street continues to underperform rest of the globe.
Markets Outlook
Day by day the bearish clouds intesify their cover on Dalal Street. While fundamentally speaking the fears are overblown but technically the markets look weak and watching the tape sends scary signals. With stocks trading at 5 month lows and no FII support in sight it seems more downsides are on the cards. FII selling has intensified on the street over the last two months. These are definitely tough times for investors who is in two minds to stay invested or get out.