FIIs have offloaded over ₹3,600 crore in cash market stocks and have built fresh net short positions in index futures, with their overall F&O position reaching a new high since March 2025. This suggests a bearish outlook from FIIs.
The ongoing result season has underperformed market expectations, particularly in the banking sector, which is weighing on sentiment.
We believe the market is likely to trend downward from here. However, select mid- and small-cap stocks and sectors continue to perform well. A bottom-up approach, with a focus on careful stock selection, is crucial.
Our strategy remains consistent with yesterday: focus on high-quality delivery-based stocks with tight stop-losses.