In the realm of financial dealings, Foreign Institutional Investors (FIIs) engaged in a bout of profit-taking within the equity market last Friday. Their actions transpired as they divested shares amounting to a substantial Rs 340.05 crore, as per data sourced from exchanges.
Turning our attention to the intricacies of the domestic macroeconomic landscape, retail inflation experienced a noteworthy ascent, reaching a pinnacle of 5.69 percent in December. In parallel, industrial production witnessed a downturn, descending to an eight-month nadir at a meager 2.4 percent in November. These revelations stem from a collection of government data unveiled on the aforementioned Friday.
The narrative unfolds as FIIs, entities of foreign origin entrenched in the financial fabric, undertook the role of net sellers during the recent episode within the equity market. Their substantial offloading, as reflected in the data provided by exchanges, amounted to a notable Rs 340.05 crore.
In the domain of domestic macroeconomic facets, the gauge of retail inflation marked a conspicuous ascent, scaling to a zenith of 5.69 percent during the month of December. Concurrently, the gauge of industrial production underwent a descent, registering an eight-month low at a modest 2.4 percent for the month of November. These revelations emanate from a compilation of government-derived data, disclosed on the eventful Friday.
In the intricate web of financial operations, Foreign Institutional Investors (FIIs) played the role of net sellers in the equity market on the preceding Friday. Their actions unfolded as they shed shares, amounting to a substantial Rs 340.05 crore, as disclosed by exchange data.
Shifting our focus to the labyrinth of domestic macroeconomic dimensions, the barometer of retail inflation experienced an ascension to a noteworthy 5.69 percent in the month of December. In tandem, the gauge of industrial production witnessed a downturn, descending to a low not witnessed in eight months, recording a modest 2.4 percent for the month of November. These insights emerge from a compendium of government-provided data that saw the light of day on the aforementioned Friday.
The unfolding saga features the participation of FIIs, entities with a foreign footprint in financial arenas, as they assumed the role of net sellers in the recent episode within the equity market. Their substantial divestment, evident in data gleaned from exchanges, amounted to a significant Rs 340.05 crore.
In the intricate dance of financial dynamics, Foreign Institutional Investors (FIIs) donned the mantle of net sellers in the equity market during the recent episode on Friday. Their pronounced divestment, reflected in the exchange data, amounted to a substantial Rs 340.05 crore.
Zooming into the intricacies of the domestic macroeconomic canvas, the gauge of retail inflation ascended to a noteworthy 5.69 percent in the month of December. In parallel, the gauge of industrial production exhibited a descent, touching an eight-month nadir at a modest 2.4 percent in November. These revelations are sourced from a compilation of government-released data, unveiled on the pivotal Friday.
In the convoluted landscape of financial dealings, Foreign Institutional Investors (FIIs) embraced the role of net sellers within the equity market during the recent Friday. Their discernible divestment, as evidenced by the exchange data, amounted to a considerable Rs 340.05 crore.
Shifting our gaze to the intricacies of the domestic macroeconomic terrain, the barometer of retail inflation underwent a conspicuous rise, reaching a four-month peak at 5.69 percent in December. In parallel, industrial production faced a descent, marking an eight-month low at a modest 2.4 percent in November. These insights originate from a set of government-released data unveiled on the eventful Friday.
