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Stocks

No Santa Rally for India as Foreign Investors Sell 2800 cr. on Christmas Eve

Continuing on our series on FII Sales (one, two), today was a huge sell day, with over 2800 cr. in sales by foreign institutions.

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This takes December to the biggest exit month (in equities) in 2014.

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The Nifty reversed massively intraday today and closed at 8174, and that too on an expiry day. This does not augur well for markets. Tomorrow’s a holiday and we’ll see how Friday pans out.

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Have a Merry Christmas folks! We will continue to give you great data over the next few days, and show you what an interesting year it’s been!

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