Nifty
Except for PSU bank and consumer durables, all sectors end in red
Nifty witnessed selling pressure for the second consecutive day to close with a loss of 115 points (-0.6 per cent) at 19,428, while Sensex fell 365.53 points (-0.56 per cent) to 65,322.65
Nifty down for third consecutive week
He said that on Wednesday, Nifty built on the weakness from the previous session.
Nifty selloff after RBI hawkish commentary
Though RBI kept its Repo rate status quo unchanged at 6.5 per cent, it revised the inflation estimates for FY24 upwards to 5.4 per cent and imposed an incremental CRR of 10 per cent in near term.
RBI sucks out over Rs 1 trillion liquidity, banks to be affected
Post this announcement, Bank Nifty slipped into weakness.
Domestic equities remain subdued
Broader market outperformed with Nifty midcap 100 and smallcap 100 up 0.2 per cent each. Sectorally, it was mixed bag with rally seen in PSU bank, which was up 3 per cent, he said.
FII selling streak caps Nifty upside
Majority of the sectors ended in green with buying seen in IT & Pharma. Markets are likely to trade in a range ahead of RBI policy this week, he said. FIIs continued their selling streak for the last few days, thus keeping the upside limited, he added.
Nifty closed higher for 5th straight month in July
The index oscillated 757 points before closing at 565 points (or 2.9 per cent) higher month on month at 19,754. The Nifty is up 9.1 per cent in the calendar year to date, a report by Motilal Oswal Financial Services said. Midcaps/Smallcaps outperformed large The Nifty closed higher for the fifth straight month in July'23.
Domestic equities gain after three days
Nifty opened gap up and moved higher to close with handsome gains of 135 points (+0.7 per cent) at 19517 levels. Action was also seen in the broader market with the Nifty midcap 100 and Nifty smallcap 100 up +0.8 per cent each.
FPIs have been sellers in 6 trading sessions at Rs 7,990 cr
With the 10-year US bond yield spiking to 4.16 per cent, the FPIs may continue to sell or at least refrain from buying aggressively. The positive factor is that the DIIs are buying aggressively more than compensating for FPI selling, he said. During the last six sessions, DIIs have bought stocks for around Rs 9,000 crore.
Buoyancy in markets fulled by sustained FPI investments
Results have been a mixed bag. The buoyancy in the markets is spearheaded by FPIs who have been pouring money into the markets on a sustained basis. Barring a brief period when they were selling in India to buy stocks in China, the situation has now reversed completely.
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