FII outflow moderates to ₹252 crore; Nifty 50 gains 1% in 5 days; What’s next?
Live MintForeign institutional investors continued selling on Friday, November 10, although the volume moderated on the back of hawkish pause of interest rates by the US Federal Reserve as well as declining crude oil prices. Selling streak to reverse soon, FIIs may turn buyers Analysts reckon that the Indian market continues to exhibit resilience even in the midst of several challenges and there is a growing concern among foreign investors that if they continue to sell, they will miss out on the potential rally in the Indian market. Stock Market Today Domestic equity benchmarks Sensex and Nifty 50 settled higher on Friday supported by fag-end buying in select heavyweights, including HDFC Bank and ITC, despite weak global cues. Nifty gained 9.4 per cent in this period and made a new life high crossing 20k mark for the first time,'' said said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.