FIIs were net buyers of equity worth Rs 250 Crores on Feb 1 '16, but turned net sellers worth Rs 470 Crores on the next two days, as per provisional figures. DIIs were net sellers worth Rs 1000 Crores during the first three days of the month.
RBI Governor maintained interest rate status quo - as was the consensus expectation. Even then, Nifty faced strong selling post the announcement on Tue. Feb 2. The budget on Feb 29 will be the next trigger for the market.
Auto sales in Jan '16 were mixed. Maruti and Hyundai showed slight increase in domestic car sales, but exports slumped. M&M grew domestic and export sales. Tata Motors' M&HCV sales grew, but car sales fell. Eicher has a winner with the fast growing Royal Enfield, but Hero Moto showed only a marginal increase in 2-wheeler sales.
-- RBI Governor maintained interest rate status quo - as was the consensus expectation. Even then, Nifty faced strong selling post the announcement on Tue. Feb 2. The budget on Feb 29 will be the next trigger for the market.
Auto sales in Jan '16 were mixed. Maruti and Hyundai showed slight increase in domestic car sales, but exports slumped. M&M grew domestic and export sales. Tata Motors' M&HCV sales grew, but car sales fell. Eicher has a winner with the fast growing Royal Enfield, but Hero Moto showed only a marginal increase in 2-wheeler sales.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/02/nifty-chart-midweek-update-feb-03-16.html
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