Indian stocks in Monday’s trade (December 30, 2024) are set to open lower, tracking weak global indicators. Gift Nifty Futures indicates that trading openings on D Street are mostly calm. Last seen at around 8:50 a.m., Gift Nifty futures were down 0.01% at 23,991.
Despite volatile trading in the previous session, Indian stocks managed to end higher, with the Sensex index adding 0.29 per cent or 226.59 points to 78,699.07, while the Nifty 50 index rose 0.27 per cent or 63 points to 23,813.4. It ended with. Sector-wise, autos and pharmaceuticals led gains in Friday’s trading.
For December, FIIs sold shares worth Rs 656 crore only through exchanges till 27th.
An important feature of FII investments is that they have consistently invested equity through the primary market. Dr VK Vijayakumar, chief investment strategist at Geojit Financial Services, pointed out that FIIs invested Rs 17,331 crore through the primary market during December-27.
asian market
Asian markets were mostly marginally lower today as high government bond yields continued to weigh on them and volume remained scant as the New Year holidays loom. MSCI’s broadest index of Asia-Pacific shares outside Japan was trading 0.09% lower at 573.77.
