Comments
Heavy buying by foreign portfolio investors (FPIs) and rollovers in the equity derivatives segment saw the Nifty hitting an eight-month high on Thursday at 8,288, gaining 84 points, while the Sensex surged 259 points to scale the 27,000-mark. Hopes of a good monsoon and a recovery in earnings also helped the market.
All the broader and sectoral indices closed in the green. Volatility was up a tad.
S Hariharan, Head – Sales Trading, Emkay Global Financial Services Ltd, said: “The markets were able to absorb the volatility arising from Brexit, denoting the strength in the underlying trend.”
FPIs bought net equities worth ₹1,107 crore, while Domestic Institutional Investors sold net equities worth ₹191 crore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.