Indian Market may remain Bullish by FII’s entry

In the last four trading sessions since December 17, FIIs have sold equity worth $1.28 billion (Rs 5,156 crore). But the sensitive index fell by just 441 points during this period to close at 19,162 on Friday as retail investors lent support. On Monday, however, the index improved by 692 points to close at 19,854. indications are that it turned buyers on Monday by retail investor. There is no indication of FIIs to buying any. Retail investors are now emerging as important players in the equity markets, supporting BSE sensex to remain in the range of 19,000 to 20,000 points, despite foreign institutional investors (FIIs) preferring to sell out. It stated equity market is no more completely in the controll of FIIs as earlier. In this bull run retail investors have a big hand to run market as BSE today's closing @20,192.52. This clearly suggest that retail investors were big time buyers, which prevented any market fall. In such a scenario the sensex remain bullish if FIIs when reenter in to markets over next year. And also with quarterly results in next month and central budget in February.