“The profit taking has been broad based amid softer global cues,” said Pankaj Pandey, head of research at ICICI Securities. “Nifty is also struggling to cross the psychological levels of 22,000 due to lack of near-term triggers.”
In the five trading sessions prior to March 7, the Sensex rose by around 1.5%, or 1,134 points, closing at 74,333. The market ended on
FPIs have been selling off Indian equities in March, with outflows totalling Rs 24,753 crore as of March 7. The trend has slowed slightly, but
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