Stock market today: The first trading day of the week has started with a decline. At around 9.15 am, the Sensex is slipped at 127.20 points, or 0.15 percent, at 82,244.14. While the Nifty was trading at 25,024.30 with a gain of 17.30 points i.e. 0.08 percent. However, later the Nifty went under 25 Hajar.
The domestic market had seen a decline on the last business day of last week i.e. Friday. The 30 -share Sensex fell down 200.15 points or 0.24 percent to close at 82,330.59. Similarly, the Nifty also slipped 42.30 points i.e. 0.17 percent and closed at 25,019.80.
FPI’s confidence maintained
Here, foreign portfolio investors (FPI) have confidence in the Indian stock market. FPI has invested Rs 18,620 crore in Indian shares so far this month amidst global favorable conditions and strong domestic foundation. Earlier in April, he put Rs 4,223 crore in shares. This was his first pure investment in Indian shares after three months.
Foreign portfolio investors had withdrawn Rs 3,973 crore from shares in March, Rs 34,574 crore in February and Rs 78,027 crore in January. Vijaykumar, the Chief Investment Strategist of Jiojit Investment, said that the purchase of FPI is likely to continue in the Indian market. In such a situation, the shares of big companies will be strengthened.