Business Standard

Markets may fall further on FPI selling, 14,500 level crucial for Nifty

If 14,500 support levels for Nifty are breached, a dip till 13,250 is possible

NSE, national stock exchange, nifty50
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Devangshu Datta
Global markets have traded down on unfavourable macro developments. Along with high inflation and supply-chain risks across commodity groups and high-end items (semiconductors and active pharmaceutical ingredients), there are fears of global gross domestic product growth deceleration.

Central banks are tightening money supply and hiking interest rates. This has led to a risk-off attitude with foreign portfolio investors (FPIs) cutting exposure to emerging markets. FPIs have pulled out Rs 97,500 crore from rupee equities this financial year. The rupee has dropped to its lowest-ever levels versus the dollar.

The major market indices have dipped, with the Nifty down to 15,350

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