The Indian equity indices on Thursday closed higher. The Nifty 50 closed 43.35 points or 0.19% higher at 22,648.20. Sensex gained 128.33 points or 0.17% to close the day’s trading at 74,611.11. The gainers included BPCL, Power Grid Corp, Asian Paints, Bajaj Auto, and Tata Motors. The Indian Volatility Index (India VIX) shot up 4.43%, indicating towards volatility in the equity markets. Also, the Nifty Midcap rose 247 points or 0.49% to finish the session at 51,115.10.
Flipping the trend, Nifty Bank closed in the red, down 165 points or 0.34% at 49,231.05. “Overall, the Bank Nifty can also consolidate. Key support on the downside is 49000 – 48900 while resistance is placed at 49800 – 49850. Overall, we expect some consolidation in both indices (Nifty and Bank Nifty),” sai…
Read moreForeign institutional investors (FII) sold shares worth net Rs 593.66 crore, while domestic institutional investors (DII) added shares worth net Rs 1,184.24 crore on October 16, 2023, according to the provisional data available on the NSE.
For the month till October 16 2023, FIIs sold shares worth net Rs 11,206.30 crore while DIIs bought shares worth net Rs 9,557.07 crore. In the month of September, FIIs offloaded shares worth net Rs 26,692.16 crore while DIIs added equities worth a net Rs 20,312.65 crore.
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