Fiscal year 2015-16 was a big disappointment for long-term investors. After touching lifetime highs in Mar '15, both Sensex and Nifty entered down trends that are still in force - wiping out gains made during the previous fiscal year.
Both indices touched 52 week lows in Feb '16 before recovering strongly on the back of huge buying by FIIs during Mar '16. FIIs were net buyers of equity worth Rs 24200 Crores during the month, which was their highest net buying figure since Mar '14.
DIIs turned net sellers of equity (worth Rs 16900 Crores) for only the second time during the past 14 months. That prevented both indices from crossing above important long-term moving averages.
-- Both indices touched 52 week lows in Feb '16 before recovering strongly on the back of huge buying by FIIs during Mar '16. FIIs were net buyers of equity worth Rs 24200 Crores during the month, which was their highest net buying figure since Mar '14.
DIIs turned net sellers of equity (worth Rs 16900 Crores) for only the second time during the past 14 months. That prevented both indices from crossing above important long-term moving averages.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/04/bse-sensex-and-nse-nifty-50-index-chart.html
You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
To unsubscribe from this group and stop receiving emails from it, send an email to longterminvestorsresearch+unsubscribe@googlegroups.com.
Visit this group at https://groups.google.com/group/longterminvestorsresearch.
For more options, visit https://groups.google.com/d/optout.
No comments:
Post a Comment