After a confident start of the year, the situation in the stock markets turned chaotic after the long-term capital gain tax in equity investments was introduced in the Union Budget on Feb 1, 2018. This coupled with an unfavorable global scenario resulted in intense volatility in the markets over the last few trading sessions. Morningstar Investment Advisers came up with a report highlighting the net-selling by FIIs recently.
Battered midcaps looking good? Beware! They have lost life support from MFsRead More