FIIs were net sellers of equity for the 4th month in a row, and have been sellers in 6 of the last 7 months. Their net selling during Feb '16 has nearly touched Rs 10500 Crores.
DIIs were net buyers of equity worth Rs 9000 Crores, as per provisional figures. That wasn't enough to prevent both Sensex and Nifty from touching new 52 week lows during the month, and losing 2.5% on a weekly closing basis.
The Railway Minister tried to walk a fine line between a populist and a realistic budget. The result was a bit of a damp squib, and questions were raised about resource generation for funding new projects.
The budget session has started on a combative mode, with the opposition pillorying the government for its ham-handed approach towards subduing various protest movements. There are very little expectations from the budget on Feb 29 - which may turn out to be a contraindicator for a market rally.
-- DIIs were net buyers of equity worth Rs 9000 Crores, as per provisional figures. That wasn't enough to prevent both Sensex and Nifty from touching new 52 week lows during the month, and losing 2.5% on a weekly closing basis.
The Railway Minister tried to walk a fine line between a populist and a realistic budget. The result was a bit of a damp squib, and questions were raised about resource generation for funding new projects.
The budget session has started on a combative mode, with the opposition pillorying the government for its ham-handed approach towards subduing various protest movements. There are very little expectations from the budget on Feb 29 - which may turn out to be a contraindicator for a market rally.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/02/bse-sensex-and-nse-nifty-50-index-chart_28.html
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