Indian equity benchmarks closed at an all-time high this week as Nifty touched the 23,000 points milestone amid a strong comeback from foreign institutional investors (FII).Nifty closed at 22,957 after touching a new all-time high of 23,026 .
Balkrishna Industries’ global peers have cut down production as their revenue fell by around 10% in the March quarter, but Balkrishna’s volume grew by 12.9% year-on-year to 82,085 tonnes in the period — the highest in eight quarters.
The emergence of a bullish trend on specific stocks can be deduced by analyzing the open interest data. When a stock s price increases alongside a simultaneous rise in open interest, it suggests a buildup of fresh long positions.
On the sectoral front, realty and FMCG gained one percent each, and capital goods, IT and Media up 0.5 percent each. On the other hand, bank index was down 0.5 percent and meal index shed 0.4 percent each.