Sensex, Nifty scales new high on FII's fresh buying; DIIs still negative
The BSE Sensex scaled near 200 points and clocked its life-time highest levels of 41,553.45. The Nifty-50 index also scaled near 55 points and went past 12,200 for the first time and created its new high of 12,221.10 levels.
This rise is mainly due to the FIIs pumping money in the Indian equity markets. This FII's money pump into the Indian stock market would continue till 31st December as the AMC fund managers are interested in their NAV management, say experts. Pic: Pixabay