Key Points
The benchmark Nifty and Sensex indices ended up 0.7% each, with the Nifty gaining 135.35 points to close at 19,517 while the Sensex gained 480.57 points at 65,721.25.. . MUMBAI : Stocks rebounded on Friday, snapping three straight days of losses, ending the session in the green..
Foreign portfolio investors (FPIs) capitalized on the bounce, selling shares worth a provisional 556.32 crore, while domestic institutional investors (DIIs) bought shares worth a provisional 366.61 crore..
However, both traded below their peaks of 20 July, with Nifty at Fridays close trading 2.37% below its record 19,991.85 and the Sensex trading 2.8% below its record high of 67,619.17..
Domestic equities saw some respite after witnessing selling pressure for three consecutive days on the back of Indias services activity rising sharply to 62.3, its highest in 13 years, fuelled by strong demand," said Siddhartha Khemka, head of retail research at Motilal Oswal..
The central bank rate-setting committee is expected to hold the rate steady this time around too, on expectations of retail price inflation staying within the 4-6% band, but its commentary will be parsed carefully given the Feds rate hike to the highest in 22 years last month...
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