After last week's selling (probably on concerns of an interest rate hike by the US Fed), FIIs have been net buyers of equity this week - worth Rs 1530 Crores. As per provisional figures, DIIs joined the buying spree with net buying worth Rs 1350 Crores.
For the month of Aug '16, FIIs were net buyers of equity of nearly Rs 8800 Crores, whereas DIIs were net sellers of equity worth Rs 4400 Crores. Nifty closed at a 52 weeks high and gained almost 500 points (6%) for the month.
In a new worry for the NDA government, Indian economy grew at the slowest pace in last six quarters at 7.1 per cent in the April-June period of current fiscal. GDP had recorded 7.5% growth in Q1 (Jun '15) and 7.9% in Q4 (Mar '16).
-- For the month of Aug '16, FIIs were net buyers of equity of nearly Rs 8800 Crores, whereas DIIs were net sellers of equity worth Rs 4400 Crores. Nifty closed at a 52 weeks high and gained almost 500 points (6%) for the month.
In a new worry for the NDA government, Indian economy grew at the slowest pace in last six quarters at 7.1 per cent in the April-June period of current fiscal. GDP had recorded 7.5% growth in Q1 (Jun '15) and 7.9% in Q4 (Mar '16).
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/08/nifty-chart-midweek-technical-update_31.html
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