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)
A sharp fall in sales of passenger and other vehicles is being cited as proof of not only economic slowdown but also drastic drop in consumption.
The government has to find money for the welfare schemes the cabinet announced at its first meeting on Friday.
Dalal Street looks forward to the government's first 100-day plan that is likely to be spelled out soon after the oath-taking by the PM and his cabinet
The month of March has been the most productive for most brokerages as well as investors since foreign portfolio investors pumped in nearly $5 billion in domestic stocks which had been significant and a total reversal of their pulling out $4.5 billion in 2018.
Market participants, including brokerages, gave a big thumbs up to the interim budget presented by the BJP-led NDA government regardless of rise in the fiscal deficit target for 2018-19 from 3.3 per cent to 3.4 per cent of the GDP
