Foreign Portfolio Investors net sold shares worth ₹5,101 crore on Monday, while their domestic counterparts were buyers to the tune of ₹3,532 crore. The dollar surged further after the US Federal Reserve projected further increases in interest rates to curb inflation, heightening concerns of a recession.
Budget over, bulls back faster, higher, stronger
The NSE Nifty rose 428.75 points, or 1.76%, to close at a record of 24,834.85. The index hit a lifetime high of 24,861.15 during the