Weekahead - Foreign flows, global risks key to Sensex

Image
Reuters
Last Updated : Mar 15 2014 | 12:15 AM IST

Market Eye Weekahead - The Sensex could again approach record highs set hit this month should foreign investors extend their strong buying streak.

As of Thursday overseas funds had been net buyers for a 19th session out of 20 for a total of more than $2 billion.

Although foreign buying has come despite rising global risk aversion, continued tensions in Ukraine and worries about China's economic outlook could eventually slow down gains in domestic shares, traders warn.

Traders also expect profit-taking in some of the recent outperformers.

Monday is a public holiday for domestic markets

(Reporting by Indulal PM)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 15 2014 | 12:08 AM IST

Next Story