For the month of May 2016, FIIs were net sellers of equity worth less than Rs 200 Crores, as per provisional figures. DIIs were net buyers of equity worth an impressive Rs 7100 Crores. Nifty gained more than 300 points (about 4%) on a monthly closing basis.
India's GDP growth in FY 2015-16 was 7.6%, making it the fastest growing large economy in the world. The GDP figure for the previous financial year was 7.2%. The number must have reassured the Finance Minister, who has been pitching to Japanese investors about investing in India.
However, IIP grew only 2.4% in FY 2015-16 against 2.8% in the previous financial year. The Nikkei/Markit India Manufacturing PMI was 50.7 in May '16 against 50.5 in Apr '16. (A figure above 50 indicates growth.) These figures indicate that manufacturing growth is still sluggish.
-- India's GDP growth in FY 2015-16 was 7.6%, making it the fastest growing large economy in the world. The GDP figure for the previous financial year was 7.2%. The number must have reassured the Finance Minister, who has been pitching to Japanese investors about investing in India.
However, IIP grew only 2.4% in FY 2015-16 against 2.8% in the previous financial year. The Nikkei/Markit India Manufacturing PMI was 50.7 in May '16 against 50.5 in Apr '16. (A figure above 50 indicates growth.) These figures indicate that manufacturing growth is still sluggish.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/06/nifty-chart-midweek-update-jun-01-16.html
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