(last close: 5687.05)
In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade.
Nifty closed up 93.65 points at 5682.35 while Nifty futures closed at 5687.05, a premium of 4.70 points. FIIs sold in Cash again, net sell 1043.27 Crore while DIIs bought in Cash, net buy 358.38 Crore. FIIs bought in Index future, Index Option, Stock future, net buy 2429.03 Crore.
What for Today…?
Now,I am not expecting the market will go below… 5553. Today after 5728 level will take 5784 and above it Nifty Future selling pressure will create at 5805 to 5821
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