Nifty and Sensex poised for breakout amid FPI inflows
Nifty 50 and Sensex are showing strong support and bullish momentum, with FPIs investing $788 million in Indian equities. This trend may lead to a breakout above resistance levels in the near future.
pre-market1 source ↓written by the desknot a recommendation
- net inflows
- $788 million
Nifty 50 and Sensex have maintained strong support levels, bouncing back last week. Foreign Portfolio Investors (FPIs) contributed with net inflows of $788 million, marking their second consecutive week of buying. This bullish sentiment suggests potential for both indices to breach immediate resistance and advance further in the coming weeks. 📈
Not investment advice. For informational purposes only.