Moneycontrol
Feb 15, 2017 09:09 AM IST | Source: Moneycontrol.com

Market consolidating, eyes on Tata Motors

Selling by the DIIs to some extent has started reflecting in the broader market and some weakness is creeping in over there.

The Nifty has been consolidating around that 8,800 mark for the last seven sessions. The FIIs have largely been buyers -- to a small extent -- but they have been nibbling in into the cash market and that is helping the market stay afloat. At least at the index level however the DIIs sentiment seems to have turned a tad bit and of late, we have seen the DIIs selling and that is reflecting in the broader markets.

So the midcap index has underperformed for the second straight day. The advance/decline ratio was in favour of the losing stocks for four straight days. So this selling by the DIIs to some extent has started reflecting in the broader market and some weakness is creeping in over there.

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