FII: - Rs 1089 Cr; MF + Rs 123 Cr

FII Gross purchases Rs 2585 Cr, Gross sales Rs 3678 Cr, Net Sellers Rs 1093 Cr.
MF Gross Purchases Rs 1055 Cr, Gross Sales Rs 932 Cr, Net Buyerss Rs 123 Cr.

Our View:

Jitters from the global front continue and they are one of the primary reasons for the FII’s to sell. The direction is still not clear. Holiday mood would add to the choppiness and keep the markets ranged. F&O expiry scheduled next week would add to it. Stock specific approach is advocated at this point. Slow down in the mid cap counters can be considered as an buying opportunity for the long term investors.