Sensex Today | Share Market Live Updates: GIFT Nifty indicates flat start
₹83422 crores through the exchanges. During this period DIIs alone bought stocks worth ₹77995 crores.
FPI selling is completely getting neutralised by DII and individual investor buying. This is the reason why Nifty is around 19700, the same level which it was in early August.“The resilience of the market and strong up moves on favourable days have forced a rethinking in FPI strategy.
That’s why they turned buyers on 15th and 16th of this month after sustained selling in the first two weeks of November."Gold prices edged lower in the early hours on Monday after hitting a two-week high in the last session, weighed down by a slight uptick in US Treasury yields.Cipla announced on Friday that it has pledged a guarantee of ZAR 945 million to FirstRand Bank in South Africa. The guarantee is meant to facilitate the extension of general banking facilities to Cipla's subsidiary, Medpro Pharma.Meanwhile, SoftBank sold a nearly 2.5% stake in Delhivery for ₹739 crore through an open market transaction.
And the United States Food and Drug Administration (US FDA) concluded a pre-approval inspection of Unit-I & III of Aurobindo Pharma subsidiary APL Healthcare’s formulation manufacturing facility in Telangana with zero observations. Read more.GIFT Nifty on the NSE IX traded 14.5 points or 0.07 per cent down at 19,805, signaling that markets were headed for muted start.The dollar was near an over two-month low on Monday, struggling to make headway as focus shifts to how soon the Federal Reserve could begin easing monetary policy.
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