India's prominent investors, including the Jhunjhunwala family, adjusted their portfolios cautiously in the March quarter amid market volatility. While some trimmed stakes and exited certain stocks, others strategically increased holdings in sectors like sugar, pharma, and manufacturing.
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Till the index firmly withholds the pivotal support of 19,500, there is no sign of caution in the market. While on the higher end, 19,800-20,000 holds stiff resistance and a decisive move beyond which could trigger the next leg of rally
The market witnessed volatility amid mixed cues, including better progress of monsoon, FIIs turning net sellers, mixed earnings and interest rate hiked by the ECB and the US Fed
BSE Sensex dropped 193.70 points, or 0.31 per cent, to settle at 62,428.54, while NSE's Nifty50 declined 46.65 points, or 0.25 per cent, to end the session at 18,487.75 for the day.
During the week, foreign institutional investors bought equities worth of Rs 3,986.25 crore while domestic institutional investors sold equities worth of Rs 1,240.47 crore