The Sensex made its first weekly close over 20,000 points. Both the Sensex and the Nifty made new highs last week, which could not hold due to bouts of profit booking and concerns over the global liquidity situations. | |||||||||||||||||
A lot of buying was seen in the small-cap stocks and the BSE Smallcap index was up by 7.5 per cent last week. FIIs and mutual funds have been net buyers to the tune of Rs 70,808 crore and 3,744 crore respectively, during the week. | |||||||||||||||||
What to expect this week The markets are still hovering at historic highs and the near term sentiment will be determined by global cues. FIIs were net sellers in the cash market to the tune of Rs 647 crore on Friday. | |||||||||||||||||
This could lead to some pessimism on Monday when the markets open. Going forward, markets are expected to remain sideways.
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