Keeping opening session gains intact, indices settle high

Keeping


New Delhi, April 20 : Keeping opening session gains intact, Indian equity benchmarks closed Wednesday's session on a positive note. With the day's rise, the indices broke the five day losing streak. In the past five sessions, the Sensex and Nifty declined almost 4 per cent each, data showed. On Wednesday, Sensex settled at 57,038 points, up 574 points or 1.02 per cent, whereas Nifty was at 17,137 points, up 178 points or 1.05 per cent. "Foreign investors are pumping out funds in large quantities while support from DIIs is helping the market to partially balance the pressure. A similar level of volatility can be expected to continue until global uncertainties settle down leading to a softening of FII selling," said Vinod Nair, Head of Research at Geojit Financial Services. As per the latest available data, foreign portfolio investors have pulled out equities worth Rs 9,345 crore from Indian markets in the month of April. /IANS




Related

India's forex reserves rises after four weeks of fall
Mumbai, Aug 6 : India's forex reserves rose around $2.4 billion during the week ending July 29, after falling for last four consecutive weeks, on back

Difficult to 'blink it': Zomato says sticking to offer price for Blinkit shares
Chennai, Aug 6 : Food delivery company Zomato Ltd has said it was sticking to its original issue price of Rs 70.76 per share for the acquisition of Bl

India's agricultural, processed food products exports up by 31%
New Delhi, Aug 6 : Exports of agricultural and processed food products rose by 31 per cent in the first three months of the current financial Year 202