Despite the uncertainty around the Russia-Ukraine war, crude oil prices, and FII selling, what is holding up the market?
In the last 6-7 months, there has been a huge selling by foreign institutional investors (FIIs), but the entire selling has been absorbed by domestic investors. Otherwise, such FII selling could have led to the market correcting sharply. This is a positive sign.
Other than that, we went through the first, second and third waves of COVID-19 and we have come out much stronger as an economy. Within the listed space, those companies with strong balance sheets have been able to bounce back strongly, compared to companies in the unorganised segment in the same sector.
