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Market move▼ Bearish for Indian equities
Why has Sensex not hit a new closing high in two years?
The brief
- Sensex has not set a new closing high in two years
- Foreign investors have taken out record money as the rupee depreciates
- Bulls out of steam, it’s slow & steady on D-Street
- IPO Calendar: 20 new issues to open for subscription in busiest week of the year
- FIIs sell ₹11,490 crore in 5 days as Nifty ends 7th straight week lower
- India eases foreign investor access to commodity derivatives, widens scope of portfolio managers
- FIIs offload ₹5,027 crore worth of shares as Nifty hits five-month low