How was the condition of the indian stock market?
FIIs' selling continues in the stock market. According to the data, on february 27, foreign investors sold shares worth Rs 556 crore. While domestic investors bought shares worth about Rs 1727 crore. During the trading session on february 27, domestic investors bought shares worth Rs 13,530 crore and sold shares worth Rs 11,803 crore, while FIIs bought shares worth Rs 19,055 crore and sold shares worth Rs 19,611 crore.
Rise seen in NBFC shares
So far this year, foreign investors have sold shares worth Rs 1,34,633 crore, while domestic investors bought shares worth Rs 1,39,133 crore. Trading in the stock market started with a gain on Thursday, but flat trading was seen throughout the day. Sensex was trading at 74,600 level with a gain of 0.014 percent, while Nifty fell by 0.011 percent to reach 22,500 level. Meanwhile, on Tuesday, after the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india (RBI) reduced the risk weight on bank finance for non-banking financial companies (NBFCs) and small-loan lending financial institutions, their shares witnessed a rise. These sectors performed well
Talking about this performance of the market, Ajit Mishra, Senior Vice President (Technical Research), Religare Broking Limited, told Moneycontrol, "The market remained sluggish on the day of monthly expiry, the market closed flat for the second consecutive trading session. After the initial rally, the Nifty soon turned flat and closed at 22,545.05, trading in a limited range. Mixed trends were seen in various sectors. Metal, banking and financial sectors performed well. While realty and auto remained under pressure. Sensex declined between 1 percent to 1.7 percent, which further weakened investor sentiment. He said, "In the last two sessions, the indices closed flat, which was mainly due to oversold conditions."
