You are here: Home » Markets » News
Business Standard

Markets log gain for third week in a row on the back of robust FPI flows

The Sensex fell 54 points, or 0.15 per cent, to end at 36,671, while the Nifty dipped 23 points, or 0.21 per cent to 11,035

Sundar Sethuraman  |  Mumbai 

Sensex

logged their third straight weekly gains on the back of robust foreign portfolio (FPI) flows.

The benchmark indices, however, ended marginally lower on Friday after the downgraded the outlook for the Euro Zone’s

The fell 54 points, or 0.15 per cent, to end at 36,671, while the dipped 23 points, or 0.21 per cent to 11,035.

The rose 1.6 per cent during the week. The and have gained 2.9 per cent and 2.4 per cent, respectively, after their longest stretch of weekly gains since November.

Stocks in the broader market have outperformed, with the BSE Midcap index gaining 6.2 per cent and the BSE Smallcap index rising 9.6 per cent. have pumped in around Rs 17,500 crore in the past three weeks, even as mutual funds (MFs) have taken out nearly Rs 2,000 crore. On Friday, bought shares worth Rs 1,095 crore. Experts said the flows have improved after the signalled an end to the rate-increase cycle.

First Published: Sat, March 09 2019. 01:24 IST
RECOMMENDED FOR YOU