Market Sentiment Turned Bearish Post Budget: Pranav Haldea, Prime Database
  • WebDesk BTVI
  • Jul 31 2019

Market sentiment have turned sour after the proposal to increase tax on the super-rich, including foreign funds, in the Budget 2019, according to Pranav Haldea, Managing Director at Prime Database. He highlighted that the domestic institutional investors (DIIs) have turned net sellers. He said that insurance firms' holding have remained steady, but mutual funds have sold heavily. Here's more.