Why did IT shares are showed a continuous Drop in the last 5 days?
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We have seen a continuous drop in IT shares in the Indian market in the last 5 days. Are you invested in these shares? If yes then read this article till the end.
Indian Market showing big fluctuation in the last 5 days. Nifty lose approx 800 points from the all-time high.
What is the reason for this sharp selling in the Indian market?
The answer is FII’s. For the last 5 days, FII’s been continuously selling stocks in the market. They sell approx Rs.3,000 Crore stocks every day and drive the market.
Why FII’s doing selling in the Market?
As we all know the sentiment of the global market is not good. So, FII’s just doing a profit booking on a few stocks.
Is there any other reason behind FII’s selling?
Yes, the main reason and fear behind FII’s selling is farmer law. As we know Modi Ji announces the reveal of all three farmer laws in the next session. This is not good news for the Indian market. This news affects the trust of the people in the Modi Government.
Why did IT shares are showed a continuous Drop in the last 5 days?
As we all know that IT, Pharma, and penny stocks are the most favorite pick for FII’s in the last 1 year. They continuously invested in these stocks, like Infy, Tech Mahindra, etc. That’s why we have seen bull run in these stocks.
Now they start booking profits on their investment. So, that is the reason behind this drop. Fundamental of these stocks are still quite impressive and all these stocks are giving good returns in a long time.
Is this a good time to invest in Infy?
Yes, this is a good time to invest in Techmahindra and Infy for the next 5 years. They will give more than 100% to 150% returns in the next 5 years.
Also Read these, https://sharemarketvip.com/indian-share-market-sectors-details/