After many days of net buying FIIs for the first time in 2013 net sold in excess of Rs 1300Cr in cash market which led to Sensex losing 300 points and NIFTY 100 points. There was nothing to cheer for the stock market in the budget. FIIs took advantage of the situation and offloaded the index heavy weights. Future and Option expiry added further woes to the market. Relinfra lost 9%, SBI 5%, Axis, IDFC, BOB and Ranbaxy lost 4% each.The market saw one of the highest turnover in recent times.
NIFTY stocks cash market turnover around Rs 1300Cr, more than double the daily average turnover. Derivatives turnover was in excess of 4 lac Cr, record for the exchanges. Retail investors who are hoping for a good budget that would prop up the market have been butchered.
NIFTY stocks cash market turnover around Rs 1300Cr, more than double the daily average turnover. Derivatives turnover was in excess of 4 lac Cr, record for the exchanges. Retail investors who are hoping for a good budget that would prop up the market have been butchered.