Sectoral Resilience Boosts Domestic Indices to Higher Levels
Dalal Street Investment Journal|December 04, 2023
After experiencing notable declines over the last few weeks, Indian benchmark indices finally gained ground and continued to demonstrate resilience on the sectoral front. Foreign portfolio investors (FPIs) emerged as net buyers thanks to a decline in US Treasury Bond yields and crude oil prices. Having transitioned to net buyers after an extended period, FIIs reported an inflow of ₹1,258.11 crore in the last two weeks, while DIIs sustained market support with an inflow of ₹3,692.77 crore.
Sectoral Resilience Boosts Domestic Indices to Higher Levels
 

The fortnight proved upbeat for the main indices with the BSE Sensex gaining 1.64 per cent and the Nifty 50 surging 1.90 per cent during the period. Investor confidence manifested prominently in the broader indices where BSE SmallCap and BSE Mid-Cap indices demonstrated gains of 3.72 per cent and 3.21 per cent, respectively. All the sectoral indices recorded positive movements, with the exception of BSE Bankex, which reported a marginal decline of 0.49 per cent.

This story is from the December 04, 2023 edition of Dalal Street Investment Journal.

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This story is from the December 04, 2023 edition of Dalal Street Investment Journal.

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