Everyday, for the past couple of weeks foreigners are exiting from the market, Why???
Is it because of the political instability??? or what????
I'm not sure whether we are going back to 2011-2013 days where the ASI was around 4000-5000 range.
If so, why most of these guys are promoting shares??? I guess people should consider about the opportunity cost as well.
These days US $ is going up like a rocket. I went to one of the leading Private bank to get some currencies today, they sold US $ to me at the rate of Rs.138.
My point is if the US $ continue to rise the cost of living will increase, therefore the govt have to increase the interest rate to balance money supply and control the inflation. Which it effects the share market