Markets looking indecisive in short term
Benchmark indices managed to close in the green despite heavy selling by the foreign portfolio investors on Friday due to buying support provided by the domestic institutional investors.
The Sensex closed at 37118, higher by 99.90 points or 0.27 per cent while the broader Nifty-50 closed higher by 17 points at 10997 in a volatile trading session. The Nifty witnessed a 150 points recovery from the lows of 10848 while the Sensex recovered nearly 500 points from the lows of 36607.
The broader markets were mixed with the BSE Mid-Cap up 0.15 per cent while the Small-Cap fell 0.44 per cent.
The FPI were net sellers by Rs 2,888.06 crore as per the provisional data, the domestic institutions were net buyers by Rs 2812.66 crore.