FIIs turned net sellers of equity worth Rs 370 Crores during the week, possibly on concerns about a possible interest rate hike by the US Fed. However, they were net buyers of equity worth Rs 340 Crores on Fri. Aug 26.
DIIs were also net sellers of equity worth Rs 900 Crores, as per provisional figures, but were net buyers on Mon. Aug 22 and Wed. Aug 24. Both Sensex and Nifty lost 1% on a weekly closing basis.
FIIs can be expected to remain sellers next week as the US Fed hinted at a likely interest rate hike without specifying when.
-- DIIs were also net sellers of equity worth Rs 900 Crores, as per provisional figures, but were net buyers on Mon. Aug 22 and Wed. Aug 24. Both Sensex and Nifty lost 1% on a weekly closing basis.
FIIs can be expected to remain sellers next week as the US Fed hinted at a likely interest rate hike without specifying when.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/08/bse-sensex-and-nse-nifty-charts-aug-26.html
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