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December cheer: FII inflow consistency expected to further lift India s stock markets
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FII inflow consistency expected to further lift India s stock markets – Indusage
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FII inflow consistency expected to further lift India s stock markets
Top Stories Even as lean volume season is about to commence globally, analysts
predict consistent foreign fund inflows to further boost India s equity
indices in the short-to-medium term.
Market observers cite
expectations of a massive US stimulus, along with record low global
interest rates as well as easy monetary policy being followed by
international central banks as factors leading FIIs into India s equity
market.
Besides, foreign investors are eying prospects of a faster economic recovery in India amid subsiding Covid-19 cases.
Consequently, FIIs have pumped in around Rs 5,000 crore in just the last two
Sensex, Nifty close at record highs; L&T, ONGC, NTPC, Titan top gainers
Barring realty and auto sectors, all indices closed in bullish territory, with over 2% gain in media, 1.7% rise in PSU Bank and 1.3% rise in metal stocks
BusinessToday.In | December 14, 2020 | Updated 18:02 IST
Earlier today, Sensex hit an all-time high of 46,373 and Nifty too logged a lifetime high of 13,597
Market indices closed at fresh highs on Monday after hitting record levels at the opening bell amid positive global equities. Backed by heavy buying in PSU banking and metal, Sensex ended 154 points higher at 46,253 and Nifty gained by 44 points to 13,558. Earlier today, Sensex hit an all-time high of 46,373 and Nifty too logged a lifetime high of 13,597.
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