Domestic stock markets are expected to open on a positive note, tracking a strong closing in the US stocks.
“Clearly, FII money is chasing lower valuations by selling in overvalued markets like India.
This is the important trend in near term FPI activity.
However, If the FPI selling continues, it will open up opportunities for investors, he further said and added, “FIIs will sell stocks in which they are sitting on profits, like the banking segment.
And this segment continues to be strong”.
Major markets such as Japan, Australia and Hong Kong are up between 0.5 and 0.75 per cent.

Source -https://www.thehindubusinessline.com/markets/markets-likely-to-open-higher-on-strong-global-cues/article66355587.ece

#market #stockmarket