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)
The first technological transition of Dalal Street (BSE) came in the form of an electronic trading system in 1995, or a year after the launch of the National Stock Exchange (NSE)
The regulator also modified norms with respect to withdrawal of ratings assigned to an instrument.
The Nifty Auto of National Stock Exchange in morning trade in Dalal Street today rose 2 per cent to 6,901.75 (+139.70) points as major auto companies Maruti Suzuki, Mahindra, Tata Motors and Hero Motocorp witnessed buying interest from market participants.
The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) weakened to 51.4 in August, its lowest mark since May 2018, from 52.5 in July.
Consequently, India 'VIX', or the volatility index- the market expectation of volatility over the near-term - closed sharply higher. The VIX closed on Tuesday at 18.60, after it had surged nearly 12 per cent in a single session.
