Was Friday’s Fall Uncalled?

The last Friday turned out to be a nightmare for the bulls. Nifty shed 131 points. As a general notion, we blame the FIIs (Foreign Institutional Investors) for the hectic sell off. However, if you take a peak into the NSE website, you will realize that FIIs and DIIs (Domestic Institutional Buyers) were buying throughout the day – instead of selling.

What caused this unprecedented fall? Are we about to experience yet another bloodshed in the succeeding weeks? Does Indian markets truly run on sentiments?

The oncoming days would provide a clearer answer to these queries.

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