A quick glimpse into the markets this week
Shital Jibhe / 24 Dec 2016
The markets throughout this week remained fragile. The Sensex on December 23 closed at 26040.70, up by 61.10 points. Sensex which on December 19 opened at Rs 26374.70; on December 23 closed one per cent down. However it made progressive recovery and ended in positive territory.
The markets throughout this week remained fragile. The Sensex on December 23 closed at 26040.70, up by 61.10 points. Sensex which on December 19 opened at Rs 26374.70; on December 23 closed one per cent down. However it made progressive recovery and ended in positive territory. Low volumes in trade were witnessed during the week. The International markets will remain muted ahead of Christmas holidays.
The event saw FII selling from the Indian markets, and in December 2016 FIIs have taken away 23144.05 crore from the Indian economy. In this week FIIs took away Rs 4485 crore till December 22.
DII activity on the other hand has seen some net buying. Domestic Institutional Investors have bought around 2445 crore in the month of December, out of which 2353 crore was bought in this week starting from December 19 to 22. The metal index is the largest loser in the sector, which lost around four per cent. Meanwhile, other indexes from Midcap to Power lost around two to one per cent.
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