₹8,000 crore in Indian shares this month through December 16. “All things seem to be coming together for Indian markets, from tax-loss harvesting by the foreign investors to global volatility and the impact of virus spread," said Vikas Gupta, a strategist at Omniscience Capital Advisors Pvt.
He expects volatility to persist in Indian markets for next few weeks as fund managers look to reset portfolios and book profit ahead of the new year.
Parth Nyati, founder of Tradingo, said: “Indian equity markets are witnessing sharp correction on the back of rising worries of omicron, hawkish global central banks, and most importantly relentless selling by FIIs.