FII selling fails to dampen Dalal Street as Nifty touches record-high
Foreign institutional investors have net sold over USD 3.5 billion worth of shares so far in 2024.
Foreign institutional investors have net sold over USD 3.5 billion worth of shares so far in 2024.
The Diwali week continued bringing good tidings for investors and Dalal Street even after ‘Muhurat’ trading on Sunday the 12th of November.
Indian stocks seemed to have lost some steam as they declined for the second consecutive session on Monday primarily due to mild profit booking.
At 9.27 a.m., Sensex traded at 60,316.22 points, up 18.22 points or 0.03 per cent, whereas Nifty traded at 17,963.25 points, up 6.75 points or 0.038 per cent.
The company will refer to this bigger association as "Eternal", when Zomato's stock gets pounded on Dalal Street (it was drifting around Rs 46 on Monday and has plunged around 69% this year)
Bank shares except a few private lenders mostly traded in the red.
The survey also credited its positive projections on the political stability ensured by a singleparty majority government at the Centre.
The IHS Nikkei's PMI Service Sector data released today by economist Pollyanna De Lima confirmed contraction for the first time since May 2018.
In the Sensex pack, 22 stocks ended up and eight were down. For the Nifty, the advance-decline ratio stood at 32 versus 18.
Analysts say conditions have been complicated by overall slowdown in global economy with central banks working on the policies to reverse the trends.
