Despite Nifty holding above 24600, most cash stocks continue to drift lower, keeping retail sentiment weak. As per market grapevine, sustained pressure may divert flows toward safer avenues like bank FDs, PPF, debt funds, gold and silver.
NIFTY OUTLOOK: 24865.70 | FII: Rs. -3295.64 cr. | DII: Rs. 8593.87 cr.
As discussed yesterday, market behavior remained on expected lines. Continued selling pressure dragged Nifty sharply lower to 24603.
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