An expected slowdown in foreign fund inflows along with expensive propositions and upcoming macro-economic data are likely to dent equities during the trade week ahead.
Lately, FIIs inflows have powered the equities’ rally and gave an appreciation push to the rupee. FIIs have so far this month invested over $6 billion in equities and $594 million in the debt segment.
However, the ongoing holiday season is expected to lower the inflow volumes during the upcoming week. Besides, the new mutant strain of Covid-19 combined with high valuations might trigger bouts of profit bookings.