Thursday 22 September 2011

Time For Smart Money to Buy Indian equities ?

Indian Markets fell on global fears yesterday , biggest fall in more than 2 years. Interesting to note that Cash Delivery volumes was hardly 7% (13-14 K Cr) of the total turnover of ~2Lakh Cr, so there were not many guys standing up against selling of 1300 Cr of FII Cash market selling.
Short term picture does not look good and investor sentiment is very bearish. Dollar trade is also not helping the cause. But smart investors look for such opportunities to start investing for a longer term.