Foreign institutional investors turned net buyers with cash market inflows of over Rs 3,421 crore in the first week of July, even as analysts warned that geopolitical risks and India-US trade developments could keep markets volatile.
Indian stock markets ended lower in a volatile trading session on Tuesday, with the Nifty closing below the 23,900 mark. The benchmark indices erased their early gains and oscillated between positive and negative territory throughout the day.
Indian stock markets on Wednesday ended with gains as the Nifty reclaimed the 24,000 mark, supported by strong buying in IT, realty, and banking stocks.
Indian stock markets ended sharply lower on Tuesday, with the Nifty closing below the 23,850 mark. The markets took cues from weak global trends and uncertainty surrounding the US-Iran peace talks.
Indian markets opened sharply higher as investors welcomed easing tensions in West Asia, lower crude oil prices and reports of a breakthrough between the United States and Iran.
Tata Motors board approved the proposal to demerge the company into two separate listed entities, viz a) CV and its related investments and b) PV, including India PV, EV, JLR, and related investments.
It was a wild, volatile and eventful week which got extended into Saturday as well. Expiry happened on February 29, which was a leap day and till that event was over, markets were trading in negative territory for the week.
The massive 350-point rally in the Nifty on Friday was primarily driven by the far better-than-expected Q3 GDP numbers which came at 8.4 per cent year on year, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Sensex hit record high and crossed the 73,700-mark. At close, the Sensex was up 1,245.05 points, or 1.72%, at 73,745.35, and the Nifty was up 356.00 points, or 1.62%, at 22,338.80.
Nifty ends at 22,200, Sensex rises 305 points
