Nifty traded with a negative bias for the second trading session and fall to the level of 10710.45 from day’s opening of 10776.90 and settled at the lower level.
The same sentiment has seen in the SGX Nifty for the second consecutive trading session traded with negative bias and plunged to the low of 10700.50 against the last close of 10791.50.
Taking cues from both we can expect to see the domestic market ongoing weakness in the market. Also, the global market may add its negative sentiment to the domestic market.
As per Tuesday’s report from NSE, Foreign institutional investors (FIIs) sold shares worth Rs 1,324.92 crore, while domestic institutional investors bought shares worth Rs 653.68 crore in the Indian equity market.