FIIs were net sellers of equity worth Rs 1000 Crores last week, as per provisional figures. DIIs were also net sellers of equity during the first three days, but turned net buyers on the last two days. Their net buying for the week was Rs 230 Crores.
Both Sensex and Nifty recovered a bit after touching higher bottoms. However, both indices lost about 1% each on a weekly closing basis.
RBI Governor's hawkish tone - even as he kept interest rates unchanged, poor Q3 (Dec '15) earnings of some large companies, sliding oil prices, worries about a 'hard landing' in China contributed to the bearish sentiment in the market.
Huge over-subscription for the Teamlease IPO is an indication that there is enough investible surplus with investors.
-- Both Sensex and Nifty recovered a bit after touching higher bottoms. However, both indices lost about 1% each on a weekly closing basis.
RBI Governor's hawkish tone - even as he kept interest rates unchanged, poor Q3 (Dec '15) earnings of some large companies, sliding oil prices, worries about a 'hard landing' in China contributed to the bearish sentiment in the market.
Huge over-subscription for the Teamlease IPO is an indication that there is enough investible surplus with investors.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/02/bse-sensex-and-nse-nifty-50-index-chart.html
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