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FPIs sell Friday's bounce, stocks to remain volatile
Mint Mumbai
|August 05, 2023
Stocks rebounded on Friday, snapping three straight days of losses, ending the session in the green. However, the markets ended lower for the second consecutive week.
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Foreign portfolio investors (FPIs) capitalized on the bounce, selling shares worth a provisional ₹556.32 crore, while domestic institutional investors (DIIs) bought shares worth a provisional ₹366.61 crore. Analysts expect market volatility to persist next week with the Reserve Bank of India’s monetary policy committee meeting from 8 to 10 August.
The benchmark Nifty and Sensex indices ended up 0.7% each, with the Nifty gaining 135.35 points to close at 19,517 while the Sensex gained 480.57 points at 65,721.25. However, both traded below their peaks of 20 July, with Nifty at Friday’s close trading 2.37% below its record 19,991.85 and the Sensex trading 2.8% below its record high of 67,619.17.
Cette histoire est tirée de l'édition August 05, 2023 de Mint Mumbai.
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