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Large cap stocks impacted by FII selling: Vinod Nair, Geojit Financial Services

Large cap stocks have been struggling as FIIs remain net sellers in the market, impacting their performance. Vinod Nair, Head of Research at Geojit Financial Services, emphasized the importance of the ongoing results season for investors to adjust their portfolios. Additionally, the market will be keeping a close eye on the BoE policy and GDP data from the Eurozone.

Nair mentioned that due to expensive valuations and potential election-related uncertainties, there may be some consolidation in the market. The FIIs’ continued selling has further added to the pressure on large cap stocks.

Despite a slightly better-than-expected Q4 earnings and a drop in oil prices, the domestic market faced challenges from a mixed global market trend. Following the FED’s decision to maintain its policy and concerns about sustaining high inflation, there was a widespread correction in the domestic market.

On a positive note, the auto sector stood out with strong performance, driven by encouraging volume numbers from leading companies. This performance helped offset some of the challenges faced by large cap stocks in the market. Attention all TV lovers! Get ready to indulge in the latest scoop on your favorite shows with DailyBubble. Our team of dedicated writers and editors are here to bring you all the latest news, gossip, and behind-the-scenes stories from the world of television.

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