FII single-day buying hits 3-year high of Rs 14,000 crore. Is Fed turning foreigners ferocious buyers?
Encouraged by Fed‘s jumbo rate cut of 50 basis points, fall in US weekly jobless claims and FTSE rejig, foreign investors made their largest single-day shopping in the last 3 years on Friday when they bought stocks worth Rs 14,064 crore in the cash market. Friday’s provisional data shows that it is the highest single-day…