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Tuesday's crash doesn't mean the correction is over
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₹4,039. Tata Sons planned to sell the shares in block deals to raise over a billion dollars, Mint reported on Monday.
Mutual funds are expected to have picked up the shares sold by Tata Sons, given the buying activity seen on Tuesday. Both domestic institutional investors (DIIs) and foreign institutional investors (FIIs) were net buyers on Tuesday.
On Tuesday, DIIs net bought ₹7,449.49 crore and FIIs ₹1,421.48 crore. Aashish Sommaiyaa, CEO of WhiteOak Capital Asset Management, anticipates a market upturn with upcoming events such as the general election, budget, and potential changes in US policy.
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