The uptrend continues as Sensex crossed the psychological 18,000 mark intraday earlier today. FIIs continue pumping money daily since the budget. They have pumped nearly 15,000 cr in March 2010. They have also put in 1134 cr in 3 trading days in April. So far in 2010 their combined input has been + 5605 cr till March.
To put things in perspective they pumped 24,133 cr in the entire 2009, with April and May 2009 being the first positive months in the year which also saw the Nifty jump from 2700 levels to 4700 levels. DIIs pumped in +26000 cr in the same time period.
FIIs removed 101,000 cr from the market in 2008 while DIIs pumped in 73,000 cr in the same time period
So these are big numbers we are talking about. Let's see if the FII inflow continues and we see the bullish trend to continue in the coming weeks/months.
Wednesday, April 7, 2010
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