Sensex Is Up 20%+ from the Low. Is the Worst behind Us?
After the Sensex hit an intra-day low of 25,637 on 24th March, the index shot up over the next few days to 31,126 (up 21%), gave up some gains and has again gone up to close at 31,225 on Thursday (the market was closed on Good Friday). The rise was due to reduced selling by foreign institutional investors (FIIs) and continued buying by domestic institutional investors (DIIs)—but only in a...
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