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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 2006 Governance · Regulatory Risk Reliance Power: When Legal Clouds Gather Over Market Euphoria ₹20,367 crore attached across the Reliance Anil Ambani Group. A ₹68.2 crore fake bank guarantee at the centre of it. A former CFO in custody for ten months and counting. And a stock that's still down more than half from its 52-week high even after a sharp rally. The market is pricing the turnaround. The Enforcement Directorate is pricing the history. Both can't be right forever. Reliance Power Ltd (₹24.07) has genuinely turned a corner operationally over the past two years — debt reduction, a growing renewable and BESS order pipeline, and periods of sharp investor re-rating. That part of the story is real and deserves credit. But sitting underneath that story is a live,...
FII/FPI  were Net Buyers Yesterday
The selling actually came from the DIIs, who sold around shares worth Rs.1680.09 Cr. But still the net buy figures of both FIIs and DIIs were positive yesterday. 

Today, while the Nifyt is down 149 points, the mid-cap index is down only 59.45 points. This show that the selling is coming basically in the large caps, near 9000 level of Nifty. 

Hence, the traders can enter the mid and small cap space today and keep holding. 

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