Investors would watch out for the US Consumer Confidence number for the month of September and New Home Sales data for the month of August that would be released later in the day, he added.
Rishi Agrawal, CEO and Co-Founder, Teamlease RegTech said the change is great news for investors. In the T+1 settlement cycle, liquidity becomes available in a couple of days.
According to FPI statistics available with depositories, overseas investors pumped in a net of Rs 19,473 crore into equities but pulled out Rs 4,824 crore from the debt segment between January 1 and January 29.
Indian bourses mirrored mixed sentiment from global peers with a downward rally owing to consecutive days of FII selling,” said Vinod Nair, Head of Research at Geojit Financial Services.
Vinod Nair, Head of Research at Geojit Financial Services stated that Indian markets witnessed a highly volatile trade due to weak global market and reports of Indo-China border tension.
Geojit has partnered with New York-based global wealth management services platform Stockal, to develop the AI-powered global investment platform which helps investors diversify their portfolio