The NIFTY ended on a bullish note, shooting up +1.99% for the week.
Biggest losers were TCS (-7.72%), DRREDDY (-5.94%) and WIPRO (-3.46%).
And the biggest winners were PNB (+18.08%), RELINFRA (+15.50%) and BANKBARODA (+14.62%).
Advancers lead decliners 34 vs 16
Gold: -1.77%, Banks: +8.66%. Infrastructure: +5.12%
Net FII flows for the week: $1,151.58 mm (Equity) and $360.31 mm (Debt)
Net domestic institutional flows for the week: -$1,162.00 mm (Equity) and $9,178.20 mm (Debt)
We award the quote of the week to Scott Price, Wal-Mart’s Asia chief executive: “… this idea that the gates have been opened and there’s going to be a flood (of investment) is overwrought.” Didi, are you listening?
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