Bank Nifty Provides The Much Needed Support

In the last 15 days, the FII inflow was recorded at Rs 2,909.89 crore while DII inflow was recorded at Rs 15,768.51 crore.

Significant recoveries in the real estate and power sectors, a turnaround in the direction of Adani Group stocks and relief from the banking sector gains contributed to the trimming of losses in domestic indices

As the majority of global indices tumbled, mirroring the weakness on Wall Street, Indian headline indices also suffered a bloodbath in the first week of the fortnight. Wall Street had its worst session of the year with all the major indices plunging more than 2 per cent as recessionary worries reappeared and long-term predictions of higher interest rates intensified. Following the decline in global technology equities, domestic IT stocks were undoubtedly the most severely impacted. The BSE Information Technology index recorded the worst performance, losing 4.56 per cent.