FPI selling, which has been a major drag on the Market since October 21, is showing a marginally different trend. Even though FPIs continue to be net sellers, they bought on 4 days this month. This means some FPIs are seeing value in some segments.

Going ahead volatility should settle down as the momentum and quantum of rate hikes become known events. Further commodity prices have also shown signs of easing off late making us believe we are over peak inflation. The resilience of the Indian economy and absence of any fresh negatives should result in a better performance of the markets in the second half of the year.

“Wealth consists not in having great possessions, but in having few wants.”
― Epictetus