Reuters logo
MARKET EYE-Stock flows positive; 200-dma supportive
March 20, 2012 / 5:02 AM / 6 years ago

MARKET EYE-Stock flows positive; 200-dma supportive

Indian shares rose on Tuesday after three sessions of losses, with traders citing continued buying from foreign institutional investors despite a federal budget on Friday that largely disappointed markets.

Foreign investors bought a net 9.18 billion rupees ($183 million) in Indian stocks on the day of the budget on Friday, according to SEBI data, and a provisional 1.6 billion rupees on Monday, according to NSE data.

In the near-term, the 200-day moving average at around 5,200 points is expected to provide support for the Nifty index , analysts said.

The Nifty was last up 0.6 percent, after dropping nearly 4 percent over the previous three sessions. The BSE index was up 0.6 percent.

Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by Rafael Nam

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below