Net buying in equities by FIIs has crossed Rs 1840 Crores during the first three days of Aug '16, as per provisional figures. DIIs have been net sellers of equity worth almost Rs 1600 Crores.
Nifty touched a new 52 week high of 8711 on Aug 1 - gaining a huge 1885 points (~28%) from its Feb 29 low of 6826. It has been in corrective mode since then, closing just below the 8550 level.
Indian factory activity grew at its fastest pace in 4 months, as indicated by Nikkei/Markit Manufacturing PMI of 51.8 in Jul '16, against 51.7 in Jun '16. A figure above 50 indicates growth.
-- Nifty touched a new 52 week high of 8711 on Aug 1 - gaining a huge 1885 points (~28%) from its Feb 29 low of 6826. It has been in corrective mode since then, closing just below the 8550 level.
Indian factory activity grew at its fastest pace in 4 months, as indicated by Nikkei/Markit Manufacturing PMI of 51.8 in Jul '16, against 51.7 in Jun '16. A figure above 50 indicates growth.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/08/nifty-chart-midweek-technical-update.html
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