Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
Since October, FPIs have sold over $26 billion worth of stocks, which is the largest selling ever seen in India, observes Akash Prakash.
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
BSE IT index was the biggest sectoral loser, down 1.5% dragged by TCS
This flight of capital began in early August due to risk-aversion created first by rising geopolitical tensions due to North Korean aggression and second by the US Fed's decision to shrink its balance sheet
Expectations of continued stimulus withdrawal by the US Federal Reserve added to the market's gloom.
The market breadth, indicating the overall health of the market turned negative from positive
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
The S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively
Asia's falling stocks have triggered an exodus of funds from the region.
'We want to make sure we stay in India and we have very high hopes from India,' says Mark Mobius.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
Market breadth depicted strength. There were almost 3 gainers against every loser on BSE
Indian funds did better than Asian ones in only four of the 10 months -- till October. Despite much market optimism, presumably around policy interventions and guided by buoyant flows, India's macro backdrop may be turning for the worse.
The top four countries account for 60.3% of the total worldwide HNWI population.
Beijing did not announce expected policy support over the weekend
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
China's CSI300 stock index shed 1.1 per cent, hitting a five-week low, while shares of Hong Kong-listed Chinese companies sagged 0.9 per cent.
Asian stocks sagged on Monday, with risk sentiment dampened as Shanghai shares wobbled after the Chinese markets resumed trading following a four-day long weekend.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances