Foreign Portfolio Investors (FPIs) have turned net sellers all over again and have pressed sales for the last 4 days on the trot.
The selling pressure continues, as tensions between North Korea and the US continue.
FPIs are unwilling to take a risk at the current levels and have hence resorted to sales, with geo-political tensions rising. Domestic institutions on the other hand are flush with funds and hence they continue to purchase in the cash segment.
The markets have risen sharply in the last few months and domestic institutions have sold on every rally. At the moment it is highly possible that they resort to further selling with the Nifty at a new peak.