Markets continue downward journey for 3rd session; Sen*** sheds...

With the country s equity indices continuing their downward journey for the third consecutive session following weak cues from global markets, coupled with profit-booking, overseas investors have been net sellers during the past two days. However, domestic institutional investors (DIIs), especially insurance companies, see this as a buying opportunity and, therefore, could arrest a strong downslide. Foreign institutional investors (FIIs) were selling, as valuations had shot up and there would be profit-booking at these levels, feel dealers. The 30-share Sen*** of the Bombay Stock Exchange (BSE) lost 219.43 points or 1.29% to end below the 17,000-mark at 16,789.74 points. The broader ...

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