FM's move expected to provide relief to many big-ticket FPIs that participate in cash markets.
Analysts said the strength in automobile shares has been mostly driven by covering of bearish bets.
While a bounce back may be on the cards, the rebound could be short-lived.
Dalmia Bharat has seen consensus target price increasing by 20.5 per cent.
Nifty Pharma index fell 1.4 per cent to 7,744.30 on Wednesday after hitting a 5-year low.
The long-short ratio of FPIs is currently around 32-33, said derivative analysts.
There’s lack of a ‘feel good’ factor, LTCG tweaks can provide a sentiment boost: Vinit Sambre, DSP Investment
We believe there could be opportunities available at attractive price point going forward.
ET takes a look at five stocks in the futures segment which are gaining momentum in the August series.
Investors doubt whether the company can generate Rs 20,000 crore by selling these assets.
We need to watch what the government does over the next 6-9 months to restore confidence.
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