The BSE Sensex ended the volatile trade marginally below the 20,000 level
on Wednesday, as FIIs bought front line stocks at lower levels.
The Sensex slipped over 200 points in trade as investors preferred to book profits after the recent rally of over 1300 points so far in the month of September, led by strong buying by FIIs.
The BSE Sensex finally closed 0.35 point higher at 19,997.45. It touched a low of 19,777.63 and a high of 20,055.53 in today.
FIIs provisionally bought Rs 25.6 billion worth of Indian shares on Tuesday, exchange data shows, and a total of Rs 5,050 crore ($789.59 million) worth over the previous four sessions.
The Sensex slipped over 200 points in trade as investors preferred to book profits after the recent rally of over 1300 points so far in the month of September, led by strong buying by FIIs.
The BSE Sensex finally closed 0.35 point higher at 19,997.45. It touched a low of 19,777.63 and a high of 20,055.53 in today.
FIIs provisionally bought Rs 25.6 billion worth of Indian shares on Tuesday, exchange data shows, and a total of Rs 5,050 crore ($789.59 million) worth over the previous four sessions.
The pull-back rally in the Nifty extended gains for the fifth consecutive session on the back of strengthening rupee against the US dollar, narrowing trade deficit data and as fears of US attack on Syria receded.
According to analysts, the market is likely headed higher in the near term as the positive data back home and reports that the US may delay QE tapering due to poor jobs data will provide support. But expectations of weak macro economic data (IIP and CPI) due on 12-Sep-2103 may cap gains.
No comments:
Post a Comment