Sir, will it affect market in India? Haresh Soneji: Yes, it definitely will. Remember, the bull run in India was backed by excess FII liquidity. Considering the worsening situation in US/Europe, this liquidity will dryup. A simple factor is the short rally in India from July 16 lows. It was minus FII and MF flows. It was speculative hence was sold into very fast. Till the time FII don't turn net buyers, sell into every rally.
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