{LONGTERMINVESTORS} Sensex, Nifty charts: bears stall post-BrExit rallies

In a trading week shortened by Eid holiday, FIIs were net buyers of equity worth Rs 480 Crores, as per provisional figures. DIIs were net sellers of equity worth Rs 740 Crores. Both Sensex and Nifty closed marginally lower for the week.

Ultratech Cement's proposed acquisition of debt-laden JP Associates' cement business sent the latter's stock soaring. Anyone holding the dud stock can use the rise to exit. Birla Corp. expects to complete the acquisition of Reliance Infra's cement business by Sep. '16.

PM Modi has left for an African tour as a follow-up to the 54 African Nations summit in India a few months back - in a bid to counter China's growing influence in the continent.

IMF has reduced its GDP growth forecast for the Eurozone to 1.6% in 2016 and 1.4% in 2017 (from the earlier 1.7% for both years) due to BrExit concerns, with a warning that economic conditions could worsen. 

Read more at:

http://investmentsfordummieslikeme.blogspot.in/2016/07/bse-sensex-and-nse-nifty-index-charts_9.html

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