Nifty reclaims 23,000 as FIIs turn net buyers; rupee ends unchanged

Moneycontrol · Rakesh Patil ·

Foreign institutional investors (FIIs) snapped their nine-week selling streak, turning net buyers with equity purchases worth Rs 6,304.67 crore during the week.

Foreign institutional investors (FIIs) snapped their nine-week selling streak, turning net buyers with equity purchases worth Rs 6,304.67 crore during the week.

Indian markets bounced back sharply during the week, recovering most of the previous week's losses as the Nifty reclaimed the 23,000 mark. Foreign institutional investors (FIIs) turned net buyers, an in-line US Federal Reserve policy outcome, and a rupee recovery supported the rebound. However, markets remained volatile amid weak global cues, escalating Middle East tensions and elevated crude oil prices.

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