Bulls regained control during the week's trading as FIIs and DIIs combined forces. Their total net buying in equities was worth Rs 3250 Crores, as per provisional figures.
DII's bought shares worth nearly Rs 1800 Crores; FIIs bought shares worth a little more than Rs 1450 Crores. Both Sensex and Nifty gained around 2.7% on a weekly closing basis, but are near long-term resistance levels.
In a bit of relief for the NDA government after lower than expected Q1 (Jun '16) GDP number, the Nikkei India Manufacturing PMI rose to a 13 months high of 52.6in Aug '16 - against 51.8 In Jul '16.
-- DII's bought shares worth nearly Rs 1800 Crores; FIIs bought shares worth a little more than Rs 1450 Crores. Both Sensex and Nifty gained around 2.7% on a weekly closing basis, but are near long-term resistance levels.
In a bit of relief for the NDA government after lower than expected Q1 (Jun '16) GDP number, the Nikkei India Manufacturing PMI rose to a 13 months high of 52.6in Aug '16 - against 51.8 In Jul '16.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/09/bse-sensex-and-nse-nifty-charts-sep-02.html
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