The market is getting support for buying in metal stocks. The metal index of Nifty is up almost 1%. IT and auto indices are up nearly half per cent. Except Energy, all the sectoral indices of Nifty are strong.
All-round buying is happening in Asian stock markets. US stock markets closed strongly yesterday. Both these events have had an impact on the Indian stock markets as well.
On Tuesday, the markets closed with slight gains. Sensex stood at 52,588 with a gain of 14 points (0.03%). Nifty stood at 15,773 with a gain of 26 points or 0.17%. During trading, Nifty went to close to record high at 15,895.
Asian markets firm
The major stock markets of Asia are trading strongly. Japan’s Nikkei index, which closed with a jump of 3.09% yesterday, is up marginally by 0.01%. Hong Kong’s Hang Seng is up about one and a half percent. China’s Shanghai Composite and Korea’s Kospi are up nearly half a per cent. Australia’s All Ordinary is down by about 0.30%.
FII and DII data
According to provisional data available on the NSE, on Friday, June 22, foreign institutional investors (FIIs) sold shares worth a net Rs 1,027 crore. That is, he had sold shares worth so much more than the rupee shares he had bought. Domestic institutional investors (DIIs) had bought shares worth a net Rs 302 crore.
Good signals from US, Asia, SGX NIFTY
Global signs are looking good. Asia has got off to a strong start. SGX NIFTY has seen a rise of quarter percent. Yesterday the NASDAQ closed at a record high in the US. Today there has been a jump of 45 points in DOW FUTURES.