Domestic Indices Continue With The See-Saw Pattern

Domestic investors stepped in to fill the hole when the global headwinds grew greater and foreign investors began to lose faith in the Indian equity markets. They seemed unwavering in their conviction in India’s growth story and its sound economic foundation.

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The BSE Sensex fell to a close of two-week low on August 19. Consumer inflation in the nation decreased to 6.71 per cent in July, slowing for the third consecutive month, but remained above the central bank’s goal range of 2-6 per cent for the seventh consecutive month. Given the recent two-week increases in both the Nifty50 and the S & P BSE Sensex of over 1 per cent each on August 19, the Nifty 50 index closed at 17,758.45 points while the Sensex closed at 59,646.15 points. Small-cap and mid-cap gains have been more substantial, with both of these indices rising more than 1.5 per cent to close at 24,965.57 and 28,175.38, respectively.